DeDora Capital Inc. Has $550,000 Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• DeDora Capital Inc. has reduced its holdings in NextEra Energy, Inc. by 29.4%, now owning 7,924 shares worth approximately $550,000.
• Insider trades include Treasurer James Michael May selling 2,177 shares and EVP Mark Lemasney selling 846 shares, decreasing their positions by 7.30% and 8.37% respectively.
• NextEra Energy, Inc. reported quarterly earnings of $1.05 EPS, beating estimates, with a revenue of $6.70 billion—a 10.4% increase year-over-year.

DeDora Capital Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 29.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,924 shares of the utilities provider's stock after selling 3,296 shares during the period. DeDora Capital Inc.'s holdings in NextEra Energy were worth $550,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Arkfeld Wealth Strategies L.L.C. lifted its position in NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its position in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its position in NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider's stock valued at $2,355,000 after acquiring an additional 142 shares in the last quarter. Tradition Wealth Management LLC lifted its position in NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after acquiring an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV increased its stake in NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider's stock valued at $692,000 after buying an additional 145 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company's stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,705 shares of company stock worth $2,446,490. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Down 0.7%

Shares of NEE opened at $84.48 on Friday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. The firm has a market cap of $173.97 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The firm's 50-day simple moving average is $75.54 and its 200 day simple moving average is $72.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the business earned $0.96 EPS. NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy's payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NEE shares. Morgan Stanley reiterated an "overweight" rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Cowen assumed coverage on shares of NextEra Energy in a research note on Wednesday. They issued a "buy" rating on the stock. Finally, Melius assumed coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.40.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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