NextEra Energy, Inc. $NEE Shares Sold by GLOBALT Investments LLC GA

Key Points

• GLOBALT Investments LLC has reduced its holdings in NextEra Energy by 4.5%, selling 3,030 shares, leaving them with 64,871 shares valued at approximately $4.5 million.
• NextEra Energy reported earnings of $1.05 per share for the last quarter, exceeding analysts' expectations of $1.01, while revenues were $6.70 billion compared to an estimated $7.52 billion.
• The company declared a quarterly dividend of $0.5665 per share, with an annualized yield of 2.7%, set to be paid on December 15th.

GLOBALT Investments LLC GA decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,871 shares of the utilities provider's stock after selling 3,030 shares during the period. GLOBALT Investments LLC GA's holdings in NextEra Energy were worth $4,503,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management lifted its position in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter worth about $25,000. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the 1st quarter valued at about $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy during the first quarter worth about $32,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy in the first quarter valued at about $35,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.6%

Shares of NYSE NEE 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 stock has a market capitalization of $171.54 billion, a PE ratio of 29.13, a P/E/G ratio of 2.80 and a beta of 0.66. The firm has a fifty day moving average of $76.46 and a 200-day moving average of $72.64. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during 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 in the previous year, the business earned $0.96 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

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

Insider Buying and Selling at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company's stock, valued at $694,098.30. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,528 shares of company stock valued at $2,277,773. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on NEE shares. BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Jefferies Financial Group reaffirmed a "hold" rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Cowen began coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a "buy" rating for the company. Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the company an "outperform" rating in a research note on Monday, October 6th. Finally, Barclays set a $87.00 price target on NextEra Energy and gave the company an "equal weight" rating in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $88.38.

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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