Sachetta LLC Sells 805 Shares of NextEra Energy, Inc. $NEE

Sachetta LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,650 shares of the utilities provider’s stock after selling 805 shares during the period. Sachetta LLC’s holdings in NextEra Energy were worth $670,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NEE. Vanguard Group Inc. raised its stake in 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 acquiring an additional 2,025,193 shares in the last quarter. Northern Trust Corp boosted its stake in shares of NextEra Energy by 1.1% in the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after purchasing an additional 262,819 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares during the last quarter. GQG Partners LLC increased its position in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $82.13 on Tuesday. The company has a market capitalization of $169.13 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.00. The stock has a fifty day simple moving average of $73.20 and a 200 day simple moving average of $71.36. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period 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. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an “outperform” rating in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Finally, Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. One 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.08.

Insiders Place Their Bets

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock valued at $2,446,490 over the last three months. Insiders own 0.18% of the company’s stock.

About NextEra Energy

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.