Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Sells 36,230 Shares of NextEra Energy, Inc. $NEE

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD reduced its stake in NextEra Energy by 33.6%, selling 36,230 shares and now holding a total of 71,683 shares valued at approximately $4.98 million.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their holdings in NextEra Energy, indicating strong confidence as 78.72% of the stock is owned by institutional shareholders.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, with an annualized yield of 2.7%, scheduled to be paid on December 15th to shareholders of record by November 21st.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 33.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,683 shares of the utilities provider's stock after selling 36,230 shares during the quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings in NextEra Energy were worth $4,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares in the last quarter. Northern Trust Corp raised its holdings in shares of NextEra Energy by 1.1% during the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after acquiring an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after acquiring an additional 1,336,259 shares in the last quarter. GQG Partners LLC raised its holdings in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of NextEra Energy by 20.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NEE stock opened at $83.30 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business's fifty day simple moving average is $76.46 and its two-hundred day simple moving average is $72.64. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.74. The firm has a market cap of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.80 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share 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 business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business's revenue was up 10.4% compared to the same quarter last year. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is presently 79.02%.

Insider Transactions at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the firm's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,528 shares of company stock worth $2,277,773. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective on the stock. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the stock an "outperform" rating in a report on Monday, October 6th. Barclays set a $87.00 price objective on NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.38.

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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