NextEra Energy, Inc. $NEE Stock Holdings Trimmed by Signet Financial Management LLC

Key Points

• Signet Financial Management LLC reduced its stake in NextEra Energy by 41.8% in the second quarter, now owning 9,888 shares valued at $686,000.
• NextEra Energy reported a $1.05 EPS for the quarter, surpassing expectations and showcasing a revenue increase of 10.4% year-over-year despite a miss on expected revenue.
• The company recently announced a quarterly dividend of $0.5665 per share, equating to a 3.0% yield, with a payout ratio of 79.37%.

Signet Financial Management LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 41.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,888 shares of the utilities provider's stock after selling 7,099 shares during the quarter. Signet Financial Management LLC's holdings in NextEra Energy were worth $686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arkfeld Wealth Strategies L.L.C. raised its position in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock worth $1,140,000 after buying an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in shares of NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 140 shares in the last quarter. Tradition Wealth Management LLC increased its stake in shares of NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after acquiring an additional 143 shares during the period. Conning Inc. raised its holdings in NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after purchasing an additional 160 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its position in NextEra Energy by 0.5% in the second quarter. Moody National Bank Trust Division now owns 32,461 shares of the utilities provider's stock worth $2,253,000 after purchasing an additional 164 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

NYSE NEE opened at $74.68 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a market cap of $153.79 billion, a PE ratio of 26.11, a PEG ratio of 2.54 and a beta of 0.65. The stock's 50-day moving average price is $72.63 and its two-hundred day moving average price is $71.08.

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

NextEra Energy Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research report on Thursday. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Finally, Barclays lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.08.

Insiders Place Their Bets

In related news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,523 shares of company stock worth $1,476,245 over the last three months. Company insiders own 0.20% of the company's stock.

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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