NextEra Energy, Inc. $NEE Stock Holdings Trimmed by AssuredPartners Investment Advisors LLC

Key Points

• AssuredPartners Investment Advisors LLC reduced its position in NextEra Energy, Inc. by 51.3% in the second quarter, now holding 13,830 shares valued at approximately $960,000.
• NextEra Energy reported a net margin of 22.84% and a rise in revenue of 10.4% year-over-year, although its quarterly revenue fell short of analyst expectations.
• The company declared a quarterly dividend of $0.5665 per share, reflecting a yield of 2.7% and a dividend payout ratio of 79.37%.

AssuredPartners Investment Advisors LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 51.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,830 shares of the utilities provider's stock after selling 14,591 shares during the quarter. AssuredPartners Investment Advisors LLC's holdings in NextEra Energy were worth $960,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in shares of NextEra Energy by 79.7% during 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 last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $32,000. Finally, IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $35,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE opened at $85.00 on Friday. The firm has a 50-day moving average price of $75.30 and a 200 day moving average price of $72.13. The firm has a market capitalization of $175.04 billion, a PE ratio of 29.72, a P/E/G ratio of 2.90 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 $86.74.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its 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 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 was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NEE. Morgan Stanley reaffirmed an "overweight" rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Jefferies Financial Group reaffirmed a "hold" rating and set a $85.00 target price (up from $77.00) on shares of NextEra Energy in a report on Tuesday. New Street Research set a $84.00 target price on NextEra Energy in a report on Monday. HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.40.

Insider Activity

In other NextEra Energy 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 transaction of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock worth $2,446,490 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

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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