Groupe la Francaise Lowers Stock Position in NextEra Energy, Inc. $NEE

Groupe la Francaise cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 70.2% during the second quarter, Holdings Channel.com reports. The firm owned 13,398 shares of the utilities provider’s stock after selling 31,500 shares during the period. Groupe la Francaise’s holdings in NextEra Energy were worth $929,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Arkfeld Wealth Strategies L.L.C. boosted its position in NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its stake in shares of NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its position in NextEra Energy by 0.4% during the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after purchasing an additional 142 shares in the last quarter. Tradition Wealth Management LLC boosted its position in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV grew its stake in NextEra Energy by 1.5% in the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Morgan Stanley reduced their price objective 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. New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. HSBC lifted their price target on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Finally, Wolfe Research increased their price objective on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.00.

NextEra Energy Stock Down 2.0%

NYSE:NEE opened at $83.29 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a market cap of $173.46 billion, a PE ratio of 26.53, a P/E/G ratio of 2.86 and a beta of 0.74. The company’s 50 day moving average is $83.22 and its two-hundred day moving average is $76.10.

NextEra Energy (NYSE:NEE) last posted its quarterly 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. The business had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s payout ratio is presently 72.29%.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 168,168 shares of company stock valued at $13,917,670 over the last three months. Company insiders own 0.20% of the company’s stock.

NextEra Energy Company Profile

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,natural gas, and other clean energy. 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.