Venturi Wealth Management LLC Sells 3,126 Shares of NextEra Energy, Inc. $NEE

Key Points

• Venturi Wealth Management LLC reduced its holdings in NextEra Energy by 11.7%, selling 3,126 shares and maintaining 23,574 shares valued at approximately $1.64 million.
• Several institutional investors have increased their positions in NextEra Energy, with GQG Partners LLC leading with a 58.4% increase in the first quarter.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, yielding about 2.7% annually, with a payout ratio of 79.02%.

Venturi Wealth Management LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,574 shares of the utilities provider's stock after selling 3,126 shares during the period. Venturi Wealth Management LLC's holdings in NextEra Energy were worth $1,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 20.7% during 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 buying an additional 2,815,629 shares in the last quarter. Amundi increased its holdings in shares of NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after buying an additional 2,657,438 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after buying an additional 2,025,193 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider's stock worth $374,639,000 after buying 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 analysts have recently weighed in on the stock. HSBC dropped their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Melius began coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target for the company. Finally, Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $85.08.

Insider Activity at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company's stock, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NEE opened at $84.06 on Thursday. The company has a fifty day moving average price of $73.69 and a two-hundred day moving average price of $71.53. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The firm has a market capitalization of $173.10 billion, a PE ratio of 29.39, a P/E/G ratio of 2.87 and a beta of 0.66.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) 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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