Pineno Levin & Ford Asset Management Inc. reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,104 shares of the utilities provider’s stock after selling 565 shares during the quarter. NextEra Energy makes up about 2.6% of Pineno Levin & Ford Asset Management Inc.’s holdings, making the stock its 9th largest position. Pineno Levin & Ford Asset Management Inc.’s holdings in NextEra Energy were worth $5,480,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Advisor Partners LLC increased its position in NextEra Energy by 17.3% in the second quarter. Advisor Partners LLC now owns 12,793 shares of the utilities provider’s stock worth $1,793,000 after buying an additional 1,887 shares during the last quarter. Endurance Wealth Management Inc. increased its position in NextEra Energy by 14.5% in the second quarter. Endurance Wealth Management Inc. now owns 38,450 shares of the utilities provider’s stock worth $5,388,000 after buying an additional 4,883 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in NextEra Energy by 325.0% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,564 shares of the utilities provider’s stock worth $219,000 after buying an additional 1,196 shares during the last quarter. AT Bancorp increased its position in NextEra Energy by 12.3% in the second quarter. AT Bancorp now owns 13,637 shares of the utilities provider’s stock worth $1,912,000 after buying an additional 1,489 shares during the last quarter. Finally, Beach Investment Management LLC. increased its position in NextEra Energy by 1,572.6% in the second quarter. Beach Investment Management LLC. now owns 163,583 shares of the utilities provider’s stock worth $22,923,000 after buying an additional 153,803 shares during the last quarter. 75.41% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on NEE. Morgan Stanley raised their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. J P Morgan Chase & Co began coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price for the company. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $151.15.

NextEra Energy, Inc. (NEE) opened at 146.36 on Friday. The stock has a market capitalization of $68.68 billion, a PE ratio of 16.76 and a beta of 0.33. The stock has a 50 day moving average price of $148.97 and a 200 day moving average price of $139.72. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $151.60.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm earned $1.67 EPS. NextEra Energy’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a $0.9825 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.69%. NextEra Energy’s dividend payout ratio is currently 45.02%.

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In related news, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by company insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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