Advance Capital Management Inc. Sells 212 Shares of NextEra Energy, Inc. $NEE

Advance Capital Management Inc. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,804 shares of the utilities provider’s stock after selling 212 shares during the quarter. Advance Capital Management Inc.’s holdings in NextEra Energy were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy in the 1st quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new stake in NextEra Energy in the first quarter worth $32,000. IMA Advisory Services Inc. bought a new position in NextEra Energy in the first quarter worth $35,000. Copia Wealth Management purchased a new position in NextEra Energy during the fourth quarter valued at $36,000. Finally, Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after buying an additional 392 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEE has been the subject of several research reports. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $84.00.

NextEra Energy Stock Performance

NEE stock opened at $71.66 on Monday. The stock has a market capitalization of $147.57 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock’s 50 day simple moving average is $73.10 and its 200 day simple moving average is $71.07.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the company earned $0.96 EPS. NextEra Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, 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, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. NextEra Energy’s dividend payout ratio (DPR) is 79.02%.

Insider Activity

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,677 shares of company stock valued at $1,415,418 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy 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.