NextEra Energy, Inc. $NEE Shares Sold by Putney Financial Group LLC

Putney Financial Group LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,372 shares of the utilities provider’s stock after selling 532 shares during the quarter. Putney Financial Group LLC’s holdings in NextEra Energy were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in NEE. Daymark Wealth Partners LLC raised its position in shares of NextEra Energy by 6.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after purchasing an additional 2,767 shares during the period. Avity Investment Management Inc. grew its stake in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares during the last quarter. Integrity Alliance LLC. increased its position in NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 7,401 shares during the period. Elyxium Wealth LLC bought a new stake in NextEra Energy in the first quarter valued at $783,000. Finally, Czech National Bank boosted its holdings in shares of NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock valued at $34,932,000 after acquiring an additional 30,878 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’s 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 sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 23,028 shares of company stock valued at $1,738,973 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NEE has been the topic of a number of analyst reports. TD Cowen assumed coverage on shares of NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective on the stock. Argus set a $90.00 price target on shares of NextEra Energy in a research note on Wednesday. Melius assumed coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Mizuho lifted their target price on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

NextEra Energy Trading Down 0.2%

NextEra Energy stock opened at $81.58 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market capitalization of $169.89 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. The firm has a 50 day simple moving average of $77.20 and a 200-day simple moving average of $73.29.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is 72.29%.

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.