Wilmington Savings Fund Society FSB Sells 51,989 Shares of NextEra Energy, Inc. $NEE

Wilmington Savings Fund Society FSB cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 32.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,517 shares of the utilities provider’s stock after selling 51,989 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in NextEra Energy were worth $8,116,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NEE. Sax Wealth Advisors LLC raised its holdings in NextEra Energy by 0.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 118 shares during the last quarter. apricus wealth LLC grew its holdings in NextEra Energy by 3.8% in the 3rd quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after acquiring an additional 120 shares during the last quarter. Isthmus Partners LLC grew its holdings in NextEra Energy by 1.9% in the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock worth $497,000 after acquiring an additional 120 shares during the last quarter. Fingerlakes Wealth Management Inc. increased its position in shares of NextEra Energy by 0.8% in the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after acquiring an additional 124 shares during the period. Finally, Heritage Wealth Management Inc. raised its stake in shares of NextEra Energy by 1.0% during the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock valued at $930,000 after acquiring an additional 125 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NEE shares. HSBC increased their target price on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. BTIG Research reaffirmed a “buy” rating and issued a $103.00 price target on shares of NextEra Energy in a research note on Wednesday, January 28th. Mizuho set a $90.00 price objective on NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a research report on Wednesday, January 14th. Finally, Argus set a $92.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $94.16.

Insider Buying and Selling at NextEra Energy

In other news, EVP Terrell Kirk Crews II sold 19,672 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the sale, the executive vice president owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This represents a 21.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 30,000 shares of the 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 $2,700,000.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $15,073,290. This trade represents a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 190,816 shares of company stock worth $17,075,619. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 0.3%

NextEra Energy stock opened at $92.55 on Wednesday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. The company has a market capitalization of $192.83 billion, a price-to-earnings ratio of 28.13 and a beta of 0.76. The business’s fifty day simple moving average is $88.88 and its two-hundred day simple moving average is $83.24. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

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

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $0.6232 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s payout ratio is presently 75.68%.

About NextEra Energy

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.