Paradiem LLC Decreases Position in NextEra Energy, Inc. $NEE

Key Points

• Paradiem LLC has reduced its holdings in NextEra Energy, Inc. by 26.6%, now owning 143,437 shares worth approximately $9,957,000.
• Several institutional investors, including 1 North Wealth Services LLC and CBIZ Investment Advisory Services LLC, have also modified their positions in NextEra Energy, reflecting a growing interest among hedge funds.
• NextEra Energy announced a quarterly dividend of $0.5665, yielding 3.0%, with a payout ratio currently at 79.02%.

Paradiem LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 26.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,437 shares of the utilities provider's stock after selling 52,092 shares during the quarter. NextEra Energy makes up about 2.5% of Paradiem LLC's holdings, making the stock its 17th biggest holding. Paradiem LLC's holdings in NextEra Energy were worth $9,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 1 North Wealth Services LLC acquired a new position in NextEra Energy in the first quarter valued at approximately $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the first quarter worth approximately $32,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $35,000. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after buying an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of 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. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NEE. Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price on the stock. Morgan Stanley restated an "overweight" rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research note on Thursday. Barclays increased their target price 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. HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

Insiders Place Their Bets

In related news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The shares were 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 owned 9,267 shares of the company's stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock worth $1,539,610 in the last three months. Company insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $76.20 on Tuesday. The firm has a market capitalization of $156.92 billion, a PE ratio of 26.64, a P/E/G ratio of 2.61 and a beta of 0.65. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm's 50-day simple moving average is $72.63 and its 200 day simple moving average is $71.09. 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 (NYSE:NEE - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 $0.5665 dividend. 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 presently 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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