Wealthspire Advisors LLC Sells 3,075 Shares of NextEra Energy, Inc. $NEE

Wealthspire Advisors LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,308 shares of the utilities provider’s stock after selling 3,075 shares during the quarter. Wealthspire Advisors LLC’s holdings in NextEra Energy were worth $2,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Activest Wealth Management raised its position in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in NextEra Energy in the second quarter valued at $25,000. 1 North Wealth Services LLC bought a new position in NextEra Energy in the first quarter valued at $26,000. Quaker Wealth Management LLC raised its position in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in NextEra Energy during the first quarter worth about $32,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. New Street Research set a $84.00 price objective on NextEra Energy in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research note on Monday. TD Cowen assumed coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target on the stock. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.53.

NextEra Energy Stock Down 0.3%

Shares of NYSE NEE opened at $84.37 on Thursday. The firm’s fifty day moving average is $80.38 and its 200 day moving average is $75.02. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The company has a market cap of $175.72 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 24.72% and a return on equity of 12.42%. The company’s revenue for the quarter 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. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders 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 yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

Insiders Place Their Bets

In other news, EVP Michael Dunne sold 10,000 shares of the business’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 directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 168,168 shares of company stock valued at $13,917,670 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Company 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.