Yousif Capital Management LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 356,750 shares of the utilities provider's stock after selling 5,651 shares during the period. Yousif Capital Management LLC's holdings in NextEra Energy were worth $24,766,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NEE. Arkfeld Wealth Strategies L.L.C. increased its stake in shares of NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock worth $1,140,000 after acquiring an additional 136 shares during the period. Pine Haven Investment Counsel Inc boosted its holdings in NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock worth $441,000 after buying an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in NextEra Energy by 0.4% during the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider's stock worth $2,355,000 after buying an additional 142 shares in the last quarter. Tradition Wealth Management LLC boosted its holdings in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock worth $470,000 after buying an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV boosted its holdings in NextEra Energy by 1.5% during the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider's stock worth $692,000 after buying an additional 145 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.
NextEra Energy Stock Performance
NEE opened at $83.30 on Monday. 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 company has a market cap of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.82 and a beta of 0.66. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00. The firm's fifty day simple moving average is $74.20 and its two-hundred day simple moving average is $71.75.
NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. 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 (DPR) is currently 79.37%.
Analyst Ratings Changes
A number of brokerages recently issued reports on NEE. BMO Capital Markets increased their price target 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. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an "outperform" rating in a report on Monday, October 6th. Morgan Stanley reissued an "overweight" rating and set a $95.00 price target (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Finally, Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.08.
Check Out Our Latest Research Report on NextEra Energy
Insider Transactions at NextEra Energy
In other news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction dated 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. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the firm's 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 completion of 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 disclosure for this sale can be found here. In the last quarter, insiders sold 32,705 shares of company stock valued at $2,446,490. Company insiders own 0.18% of the company's stock.
About NextEra Energy
(
Free Report)
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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