NextEra Energy, Inc. $NEE Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 215,980 shares of the utilities provider’s stock after selling 24,335 shares during the period. Meyer Handelman Co.’s holdings in NextEra Energy were worth $16,304,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $2,375,545,000. Vanguard Group Inc. lifted its position in shares of NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after purchasing an additional 5,554,603 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NextEra Energy by 1,765.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after purchasing an additional 3,755,563 shares during the last quarter. Amundi grew its stake in shares of NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in NextEra Energy by 18.7% in the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after buying an additional 1,701,648 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.0%

NextEra Energy stock opened at $80.48 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The firm has a market capitalization of $167.62 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. The stock’s fifty day moving average is $82.96 and its two-hundred day moving average is $77.27. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Insider Transactions at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This represents a 47.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $93.00 price target on shares of NextEra Energy in a report on Tuesday, October 28th. Barclays set a $88.00 price target on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Jefferies Financial Group restated a “hold” rating and issued a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. TD Cowen assumed coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price on the stock. Finally, Argus set a $90.00 price objective on NextEra Energy in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.56.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.