Ashton Thomas Securities LLC Decreases Position in NextEra Energy, Inc. $NEE

Ashton Thomas Securities LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,495 shares of the utilities provider’s stock after selling 827 shares during the period. Ashton Thomas Securities LLC’s holdings in NextEra Energy were worth $729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. River Street Advisors LLC boosted its position in shares of NextEra Energy by 11.9% in the second quarter. River Street Advisors LLC now owns 17,432 shares of the utilities provider’s stock worth $1,210,000 after buying an additional 1,850 shares during the period. Abacus Planning Group Inc. boosted its position in shares of NextEra Energy by 2.7% in the second quarter. Abacus Planning Group Inc. now owns 14,360 shares of the utilities provider’s stock worth $997,000 after buying an additional 378 shares during the period. Hilltop National Bank acquired a new position in shares of NextEra Energy in the second quarter worth about $402,000. Triad Wealth Partners LLC lifted its stake in shares of NextEra Energy by 11.4% in the second quarter. Triad Wealth Partners LLC now owns 3,841 shares of the utilities provider’s stock worth $267,000 after acquiring an additional 394 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in shares of NextEra Energy by 9.3% in the second quarter. Cornell Pochily Investment Advisors Inc. now owns 14,558 shares of the utilities provider’s stock worth $1,011,000 after acquiring an additional 1,243 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock worth $1,539,610 over the last 90 days. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. boosted 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. BMO Capital Markets upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Barclays upped their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Finally, HSBC cut their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.08.

NextEra Energy Stock Down 0.7%

Shares of NextEra Energy stock opened at $78.10 on Friday. 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 business’s 50 day simple moving average is $72.82 and its 200-day simple moving average is $71.21. The stock has a market capitalization of $160.83 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.71 and a beta of 0.66. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.02%.

About NextEra Energy

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.