Ferguson Wellman Capital Management Inc. Has $4.27 Million Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Ferguson Wellman Capital Management Inc. reduced its stake in NextEra Energy, Inc. by 17.2%, holding 61,569 shares after selling 12,775 shares during the second quarter.
• NextEra Energy's latest earnings report revealed $1.05 EPS, surpassing estimates, but the quarterly revenue of $6.70 billion fell short of the $7.52 billion expected by analysts.
• NextEra Energy recently announced a quarterly dividend of $0.5665, representing a 3.2% dividend yield with a payout ratio of 79.02%.

Ferguson Wellman Capital Management Inc. trimmed its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,569 shares of the utilities provider's stock after selling 12,775 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in NextEra Energy were worth $4,274,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy in the first quarter worth about $32,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy during the 1st quarter worth about $35,000. Copia Wealth Management acquired a new position in NextEra Energy during the 4th quarter valued at about $36,000. Finally, Semmax Financial Advisors Inc. lifted its position in NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 392 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NEE stock traded up $1.15 during mid-day trading on Monday, hitting $72.23. The stock had a trading volume of 3,929,866 shares, compared to its average volume of 11,623,439. The company has a current ratio of 0.54, a quick ratio of 0.45 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. The firm has a market capitalization of $148.74 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.45 and a beta of 0.65. The firm has a fifty day simple moving average of $72.77 and a 200 day simple moving average of $71.07.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. NextEra Energy's payout ratio is 79.37%.

Insider Activity at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,523 shares of company stock valued at $1,476,245. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NEE shares. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. Finally, Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.