Stenger Family Office LLC Sells 25,360 Shares of NextEra Energy, Inc. $NEE

Stenger Family Office LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 79.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,680 shares of the utilities provider’s stock after selling 25,360 shares during the quarter. Stenger Family Office LLC’s holdings in NextEra Energy were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Synergy Asset Management LLC lifted its position in shares of NextEra Energy by 286.0% during the 3rd quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after acquiring an additional 16,322 shares during the period. Daymark Wealth Partners LLC increased its position in shares of NextEra Energy by 6.5% in the second 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. Hunter Perkins Capital Management LLC acquired a new position in NextEra Energy in the third quarter valued at about $3,966,000. Dillon & Associates Inc. lifted its position in NextEra Energy by 8.4% during the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after purchasing an additional 5,261 shares during the period. Finally, Soltis Investment Advisors LLC lifted its position in NextEra Energy by 171.1% during the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after purchasing an additional 7,645 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Cowen initiated 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 for the company. Morgan Stanley decreased their price objective on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Jefferies Financial Group set a $87.00 target price on NextEra Energy in a research note on Wednesday. UBS Group set a $91.00 target price on NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Three research 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. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

NextEra Energy Trading Up 1.8%

NYSE NEE opened at $83.65 on Friday. The company has a market cap of $174.21 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month 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 business’s fifty day moving average is $82.32 and its 200 day moving average is $78.23.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a dividend of $0.5665 per share. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Insiders Place Their Bets

In other NextEra Energy news, 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 completion of the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $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 can be accessed through this link. 0.20% of the stock is owned by insiders.

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.