NextEra Energy, Inc. $NEE Stock Position Lessened by Prostatis Group LLC

Key Points

• Prostatis Group LLC reduced its stake in NextEra Energy by 32.4% in the second quarter, now holding 23,268 shares valued at approximately $1.6 million.
• Several institutional investors, including GQG Partners LLC and Charles Schwab Investment Management, increased their holdings in NextEra Energy, indicating continued confidence in the company.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, with an annualized yield of 2.7% and a payout ratio of 79.02%.

Prostatis Group LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 32.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,268 shares of the utilities provider's stock after selling 11,146 shares during the quarter. Prostatis Group LLC's holdings in NextEra Energy were worth $1,615,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NEE. GQG Partners LLC grew its stake in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Amundi grew its stake in shares of NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares in the last quarter. Finally, Boston Partners grew its stake in shares of NextEra Energy by 55.3% in the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider's stock worth $374,639,000 after purchasing an additional 1,886,999 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NEE. Mizuho set a $78.00 price target on NextEra Energy in a research note on Thursday, August 21st. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. BMO Capital Markets upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an "outperform" rating in a report on Monday, October 6th. Finally, HSBC cut their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. One investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.08.

Insider Buying and Selling at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the company's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. The trade was a 6.34% 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 valued at $2,446,490 over the last 90 days. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Down 0.5%

Shares of NYSE NEE opened at $83.30 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The company has a market cap of $171.54 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 2.87 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. The business has a fifty day simple moving average of $74.20 and a 200-day simple moving average of $71.74.

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, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the business posted $0.96 earnings per share. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.02%.

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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