LGT Group Foundation Sells 14,702 Shares of NextEra Energy, Inc. $NEE

LGT Group Foundation lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,766,844 shares of the utilities provider’s stock after selling 14,702 shares during the period. NextEra Energy accounts for approximately 1.6% of LGT Group Foundation’s holdings, making the stock its 14th biggest position. LGT Group Foundation’s holdings in NextEra Energy were worth $138,998,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Navalign LLC lifted its position in NextEra Energy by 6.2% during the 3rd quarter. Navalign LLC now owns 5,081 shares of the utilities provider’s stock valued at $384,000 after acquiring an additional 296 shares during the period. SNS Financial Group LLC purchased a new stake in NextEra Energy in the third quarter worth about $204,000. Flavin Financial Services Inc. increased its stake in shares of NextEra Energy by 14.7% during the third quarter. Flavin Financial Services Inc. now owns 34,886 shares of the utilities provider’s stock valued at $2,634,000 after purchasing an additional 4,477 shares in the last quarter. Certified Advisory Corp lifted its holdings in shares of NextEra Energy by 21.7% during the third quarter. Certified Advisory Corp now owns 4,230 shares of the utilities provider’s stock valued at $319,000 after purchasing an additional 755 shares during the last quarter. Finally, PFG Advisors lifted its holdings in shares of NextEra Energy by 27.9% during the third quarter. PFG Advisors now owns 19,635 shares of the utilities provider’s stock valued at $1,482,000 after purchasing an additional 4,278 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NEE shares. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Wells Fargo & Company increased their target price on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. HSBC lifted their price target on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.16.

NextEra Energy Stock Performance

Shares of NEE opened at $91.03 on Monday. The company has a market cap of $189.66 billion, a price-to-earnings ratio of 27.67 and a beta of 0.75. The business’s fifty day simple moving average is $87.27 and its two-hundred day simple moving average is $82.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. 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 posted its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.6232 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is 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%.

Insiders Place Their Bets

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares in the company, valued at approximately $867,870. The trade was a 65.88% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 159,049 shares of company stock valued at $14,194,542. 0.18% of the stock is owned by insiders.

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.