NextEra Energy, Inc. $NEE Shares Sold by Global Assets Advisory LLC

Key Points

• Global Assets Advisory LLC has significantly reduced its holdings in NextEra Energy, Inc. by 62.1%, leaving them with 7,573 shares valued at approximately $553,000.
• Several institutional investors have recently increased their stakes in NextEra, with notable boosts from Semmax Financial Advisors Inc. (335.0%) and CBIZ Investment Advisory Services LLC (237.7%).
• NextEra Energy's stock is currently rated as a Moderate Buy by analysts, with a consensus price target of $84.08, reflecting positive sentiment despite varied price targets from different firms.

Global Assets Advisory LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 62.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,573 shares of the utilities provider's stock after selling 12,386 shares during the period. Global Assets Advisory LLC's holdings in NextEra Energy were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the first quarter worth about $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy during the 1st quarter worth approximately $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $35,000. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after purchasing an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its stake in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,369 shares of company stock worth $1,539,610 over the last 90 days. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NEE shares. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Barclays lifted their price objective 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. Morgan Stanley restated an "overweight" rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target 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. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One equities 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.08.

NextEra Energy Stock Performance

Shares of NEE stock opened at $80.12 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The firm has a market capitalization of $164.98 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.00. The company has a 50 day moving average price of $72.99 and a 200 day moving average price of $71.28.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's payout ratio is currently 79.02%.

About NextEra Energy

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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