Meyer Handelman Co. Sells 400 Shares of NextEra Energy, Inc. (NYSE:NEE)

Meyer Handelman Co. lessened its holdings in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 0.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 313,745 shares of the utilities provider’s stock after selling 400 shares during the period. Meyer Handelman Co.’s holdings in NextEra Energy were worth $24,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. StrongBox Wealth LLC increased its holdings in NextEra Energy by 2.2% in the 2nd quarter. StrongBox Wealth LLC now owns 47,000 shares of the utilities provider’s stock valued at $3,641,000 after buying an additional 1,013 shares during the period. Ritholtz Wealth Management grew its holdings in shares of NextEra Energy by 11.1% in the 2nd quarter. Ritholtz Wealth Management now owns 15,570 shares of the utilities provider’s stock worth $1,206,000 after purchasing an additional 1,552 shares during the last quarter. Capital City Trust Co. FL grew its holdings in shares of NextEra Energy by 0.3% in the 2nd quarter. Capital City Trust Co. FL now owns 62,023 shares of the utilities provider’s stock worth $4,805,000 after purchasing an additional 183 shares during the last quarter. PDS Planning Inc lifted its position in NextEra Energy by 10.8% during the 2nd quarter. PDS Planning Inc now owns 10,276 shares of the utilities provider’s stock worth $796,000 after buying an additional 1,005 shares in the last quarter. Finally, Gofen & Glossberg LLC IL lifted its position in NextEra Energy by 1.0% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 66,534 shares of the utilities provider’s stock worth $5,154,000 after buying an additional 684 shares in the last quarter. Institutional investors own 76.89% of the company’s stock.

NextEra Energy Stock Down 2.3 %

NYSE NEE traded down $1.93 during trading hours on Friday, reaching $81.61. 153,190 shares of the company’s stock were exchanged, compared to its average volume of 8,021,994. The company’s 50-day moving average is $86.16 and its two-hundred day moving average is $80.75. NextEra Energy, Inc. has a one year low of $67.22 and a one year high of $93.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.47 and a current ratio of 0.53. The company has a market capitalization of $160.35 billion, a price-to-earnings ratio of 63.77, a price-to-earnings-growth ratio of 3.01 and a beta of 0.46.

NextEra Energy (NYSE:NEEGet Rating) last posted its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.26 billion. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. NextEra Energy’s revenue for the quarter was up 32.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 2.89 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.70 dividend on an annualized basis and a yield of 2.08%. NextEra Energy’s dividend payout ratio (DPR) is 129.77%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. TheStreet upgraded shares of NextEra Energy from a “c+” rating to a “b” rating in a research report on Friday, July 22nd. Guggenheim upped their target price on shares of NextEra Energy from $91.00 to $108.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Wells Fargo & Company upped their target price on shares of NextEra Energy from $107.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, August 9th. BMO Capital Markets upped their target price on shares of NextEra Energy from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, September 16th. Finally, UBS Group cut their price target on shares of NextEra Energy to $109.00 in a research report on Tuesday, September 6th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.30.

Insiders Place Their Bets

In other NextEra Energy news, EVP Ronald R. Reagan sold 9,307 shares of NextEra Energy stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $88.79, for a total transaction of $826,368.53. Following the completion of the transaction, the executive vice president now directly owns 18,176 shares of the company’s stock, valued at $1,613,847.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other NextEra Energy news, CEO John W. Ketchum bought 12,909 shares of NextEra Energy stock in a transaction dated Friday, July 1st. The stock was bought at an average price of $78.33 per share, with a total value of $1,011,161.97. Following the completion of the transaction, the chief executive officer now owns 132,894 shares in the company, valued at approximately $10,409,587.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald R. Reagan sold 9,307 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $88.79, for a total transaction of $826,368.53. Following the completion of the sale, the executive vice president now directly owns 18,176 shares of the company’s stock, valued at approximately $1,613,847.04. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

About NextEra Energy

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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, coal, and natural gas facilities. 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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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