NextEra Energy, Inc. $NEE Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 977,659 shares of the utilities provider’s stock after selling 38,981 shares during the period. EP Wealth Advisors LLC’s holdings in NextEra Energy were worth $67,869,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NEE. Activest Wealth Management grew its stake in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth about $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy in the first quarter valued at approximately $26,000. Quaker Wealth Management LLC increased its holdings in NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares during the period. Finally, Howard Hughes Medical Institute acquired a new position in NextEra Energy in the 2nd quarter worth approximately $31,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday. New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. Morgan Stanley cut their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. BTIG Research reissued a “buy” rating and issued a $100.00 price objective on shares of NextEra Energy in a report on Tuesday. Finally, HSBC upped their target price on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.72.

NextEra Energy Stock Up 0.5%

Shares of NEE opened at $81.65 on Friday. The stock has a 50 day moving average price of $83.68 and a 200 day moving average price of $76.55. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market capitalization of $170.05 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.73 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company 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 company earned $1.03 EPS. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, November 21st. NextEra Energy’s payout ratio is 72.29%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The stock was 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 of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 157,322 shares of company stock valued at $13,148,943 over the last 90 days. 0.20% of the stock is owned by insiders.

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.