NextEra Energy, Inc. $NEE Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,190 shares of the utilities provider’s stock after selling 372 shares during the period. Strait & Sound Wealth Management LLC’s holdings in NextEra Energy were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in NEE. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,459,000 after purchasing an additional 5,949 shares during the last quarter. Pure Financial Advisors LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at approximately $228,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in NextEra Energy by 31.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 295,748 shares of the utilities provider’s stock worth $20,966,000 after buying an additional 70,663 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NEE shares. HSBC cut their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. Cowen assumed coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Melius began coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. Finally, BTIG Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.38.

NextEra Energy Stock Performance

NYSE:NEE opened at $84.42 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.74. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a 50 day moving average price of $76.64 and a 200 day moving average price of $72.84. The stock has a market capitalization of $173.85 billion, a P/E ratio of 29.52, a PEG ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 analysts’ expectations of $7.52 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,528 shares of company stock valued at $2,277,773 over the last three months. 0.20% of the stock is currently owned by company insiders.

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.