Greenleaf Trust Sells 19,298 Shares of NextEra Energy, Inc. $NEE

Greenleaf Trust cut its position in NextEra Energy, Inc. (NYSE:NEE) by 16.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 95,315 shares of the utilities provider’s stock after selling 19,298 shares during the quarter. Greenleaf Trust’s holdings in NextEra Energy were worth $7,195,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tripletail Wealth Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter worth approximately $25,000. Activest Wealth Management boosted its stake in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy during the second quarter worth $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy during the second quarter worth $25,000. Finally, Quaker Wealth Management LLC increased its stake in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NEE. HSBC upped their price target on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Morgan Stanley dropped their target price on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. Cowen began coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $91.72.

NextEra Energy Stock Up 0.5%

Shares of NYSE NEE opened at $81.30 on Tuesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The firm’s 50-day moving average is $82.53 and its 200-day moving average is $77.65. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $169.32 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.51 and a beta of 0.74.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is 72.29%.

Insider Buying and Selling

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy 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.