Advisory Alpha LLC Sells 415 Shares of NextEra Energy, Inc. (NYSE:NEE)

Advisory Alpha LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,294 shares of the utilities provider’s stock after selling 415 shares during the period. Advisory Alpha LLC’s holdings in NextEra Energy were worth $871,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. KBC Group NV increased its holdings in NextEra Energy by 12.1% during the 4th quarter. KBC Group NV now owns 132,940 shares of the utilities provider’s stock worth $8,075,000 after purchasing an additional 14,402 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in NextEra Energy by 11.0% during the 4th quarter. Rafferty Asset Management LLC now owns 228,892 shares of the utilities provider’s stock worth $13,903,000 after purchasing an additional 22,642 shares in the last quarter. Holderness Investments Co. increased its holdings in NextEra Energy by 139.0% during the 4th quarter. Holderness Investments Co. now owns 11,376 shares of the utilities provider’s stock worth $691,000 after purchasing an additional 6,617 shares in the last quarter. Edge Capital Group LLC increased its holdings in NextEra Energy by 18.8% during the 4th quarter. Edge Capital Group LLC now owns 22,127 shares of the utilities provider’s stock worth $1,344,000 after purchasing an additional 3,496 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in NextEra Energy by 7.0% during the 4th quarter. First Trust Advisors LP now owns 1,232,723 shares of the utilities provider’s stock worth $74,876,000 after purchasing an additional 80,414 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NEE shares. Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Wednesday, June 12th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.33.

NextEra Energy Trading Up 0.9 %

Shares of NYSE:NEE opened at $85.29 on Wednesday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $85.75. The company has a market capitalization of $175.23 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The company has a 50-day simple moving average of $80.12 and a 200 day simple moving average of $73.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the business posted $0.88 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.42%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.