Embree Financial Group Trims Stake in NextEra Energy, Inc. $NEE

Embree Financial Group cut its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 47.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,497 shares of the utilities provider's stock after selling 3,985 shares during the period. Embree Financial Group's holdings in NextEra Energy were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NEE. 1 North Wealth Services LLC bought a new stake in NextEra Energy during the first quarter valued at about $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy in the first quarter worth about $32,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at about $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. Finally, Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after acquiring an additional 392 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price target on the stock. Morgan Stanley restated an "overweight" rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.08.

Insider Buying and Selling at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $71.90, for a total transaction of $60,827.40. Following the transaction, the executive vice president owned 10,113 shares of the company's stock, valued at $727,124.70. This trade represents a 7.72% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,523 shares of company stock worth $1,476,245. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Up 1.2%

NEE opened at $74.68 on Friday. The company has a market capitalization of $153.79 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.54 and a beta of 0.65. The firm has a 50-day simple moving average of $72.63 and a two-hundred day simple moving average of $71.08. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, August 28th. NextEra Energy's payout ratio is currently 79.37%.

NextEra Energy Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.