NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Forbes J M & Co. LLP

Forbes J M & Co. LLP trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 24.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,903 shares of the utilities provider’s stock after selling 78,606 shares during the quarter. NextEra Energy makes up about 2.5% of Forbes J M & Co. LLP’s portfolio, making the stock its 8th largest holding. Forbes J M & Co. LLP’s holdings in NextEra Energy were worth $20,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marietta Wealth Management LLC increased its position in NextEra Energy by 1.9% in the 1st quarter. Marietta Wealth Management LLC now owns 68,267 shares of the utilities provider’s stock valued at $5,783,000 after acquiring an additional 1,285 shares during the period. Klingman & Associates LLC acquired a new position in NextEra Energy in the 1st quarter valued at approximately $715,000. Intelligence Driven Advisers LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $265,000. KRS Capital Management LLC acquired a new position in NextEra Energy in the 4th quarter valued at approximately $51,000. Finally, Sigma Investment Counselors Inc. increased its position in NextEra Energy by 9.4% in the 1st quarter. Sigma Investment Counselors Inc. now owns 2,778 shares of the utilities provider’s stock valued at $235,000 after acquiring an additional 238 shares during the period. 77.89% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NextEra Energy stock opened at $87.98 on Friday. NextEra Energy, Inc. has a 1-year low of $67.22 and a 1-year high of $93.73. The firm has a market capitalization of $172.86 billion, a price-to-earnings ratio of 67.16, a price-to-earnings-growth ratio of 3.29 and a beta of 0.47. The firm’s fifty day moving average price is $78.74 and its two-hundred day moving average price is $78.10. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE – Get Rating) last released its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy, Inc. will post 2.87 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Monday, August 29th. NextEra Energy’s dividend payout ratio (DPR) is 129.77%.

Insider Buying and Selling at NextEra Energy

In other news, CEO John W. Ketchum purchased 12,909 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were bought at an average cost of $78.33 per share, with a total value of $1,011,161.97. Following the completion of the transaction, the chief executive officer now directly owns 132,894 shares of the company’s stock, valued at $10,409,587.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Guggenheim reiterated a “buy” rating and set a $91.00 price objective on shares of NextEra Energy in a research report on Friday, July 22nd. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $105.00 to $93.00 in a research report on Monday, June 13th. TheStreet upgraded shares of NextEra Energy from a “c+” rating to a “b” rating in a research report on Friday, July 22nd. Morgan Stanley increased their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 21st. Finally, Wells Fargo & Company increased their price objective on shares of NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.33.

NextEra Energy Company Profile

(Get Rating)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.