Moseley Investment Management Inc. Cuts Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Moseley Investment Management Inc. reduced its stake in NextEra Energy by 12.7%, now holding 46,280 shares valued at approximately $3.2 million.
• Insider activity includes executive sales of 32,705 shares worth nearly $2.45 million over the past ninety days, indicating potential shifts in internal confidence.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, equivalent to a 2.7% yield, reaffirming its commitment to return value to shareholders.

Moseley Investment Management Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,280 shares of the utilities provider's stock after selling 6,755 shares during the quarter. NextEra Energy makes up approximately 1.1% of Moseley Investment Management Inc.'s investment portfolio, making the stock its 21st largest position. Moseley Investment Management Inc.'s holdings in NextEra Energy were worth $3,213,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NEE. Arkfeld Wealth Strategies L.L.C. raised 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 purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc raised 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 purchasing an additional 140 shares in the last quarter. Tradition Wealth Management LLC raised 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 purchasing an additional 143 shares in the last quarter. Tandem Capital Management Corp ADV raised its position 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 purchasing an additional 145 shares in the last quarter. Finally, Eagle Wealth Strategies LLC raised its position in NextEra Energy by 1.4% in the 2nd quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider's stock valued at $774,000 after purchasing an additional 149 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm'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 value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock worth $2,446,490 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 0.5%

NYSE:NEE opened at $83.63 on Friday. The stock's 50 day moving average price is $73.94 and its 200 day moving average price is $71.63. The company has a market capitalization of $172.22 billion, a PE ratio of 29.24, a P/E/G ratio of 2.89 and a beta of 0.66. 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 $86.00.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of NextEra Energy in a report on Saturday, September 27th. Melius initiated coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. Finally, Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an "outperform" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $85.08.

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.

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