Corient IA LLC Decreases Stock Position in NextEra Energy, Inc. $NEE

Corient IA LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 63.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the utilities provider’s stock after selling 7,000 shares during the quarter. Corient IA LLC’s holdings in NextEra Energy were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy in the second quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy in the 3rd quarter worth $25,000. Howard Hughes Medical Institute purchased a new position in shares of NextEra Energy in the second quarter valued at about $31,000. Rexford Capital Inc. purchased a new position in shares of NextEra Energy in the second quarter valued at about $34,000. Finally, Abound Wealth Management raised its stake in shares of NextEra Energy by 108.2% during the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 237 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. BTIG Research restated a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a report on Wednesday, January 28th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group lifted their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company lifted their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.47.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the transaction, the executive vice president owned 9,643 shares in the company, valued at approximately $867,870. This represents a 65.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,049 shares of company stock valued at $14,194,542 in the last quarter. 0.20% of the stock is owned by insiders.

NextEra Energy Price Performance

NEE stock opened at $92.62 on Thursday. The firm has a 50 day moving average price of $86.84 and a 200-day moving average price of $82.11. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.91. The firm has a market capitalization of $192.98 billion, a price-to-earnings ratio of 28.15 and a beta of 0.76. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.6232 per share. The ex-dividend date is Friday, February 27th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is 75.68%.

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.