Meitav Investment House Ltd. Sells 207,894 Shares of NextEra Energy, Inc. $NEE

Meitav Investment House Ltd. decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 18.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 924,241 shares of the utilities provider’s stock after selling 207,894 shares during the quarter. Meitav Investment House Ltd.’s holdings in NextEra Energy were worth $64,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its stake in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the period. Wedmont Private Capital increased its stake in NextEra Energy by 5.7% in the 1st quarter. Wedmont Private Capital now owns 16,023 shares of the utilities provider’s stock worth $1,054,000 after purchasing an additional 864 shares during the period. Miracle Mile Advisors LLC increased its stake in NextEra Energy by 17.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 15,125 shares of the utilities provider’s stock worth $1,072,000 after purchasing an additional 2,276 shares during the period. Finally, Capital Investment Advisors LLC increased its stake in shares of NextEra Energy by 3.4% during the first quarter. Capital Investment Advisors LLC now owns 64,534 shares of the utilities provider’s stock valued at $4,575,000 after buying an additional 2,134 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 2.6%

Shares of NYSE:NEE opened at $82.13 on Tuesday. The company has a market cap of $169.13 billion, a P/E ratio of 28.72, a PEG ratio of 2.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.00. The stock’s fifty day moving average price is $73.20 and its 200-day moving average price is $71.36.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. NextEra Energy’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. HSBC reduced their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Evercore ISI set a $92.00 price target on NextEra Energy and gave the stock an “outperform” rating in a research note on Monday. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Finally, Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.08.

Insider Buying and Selling

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock valued at $2,446,490 in the last 90 days. Insiders own 0.18% of the company’s stock.

NextEra Energy 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.