D L Carlson Investment Group Inc. Cuts Position in NextEra Energy, Inc. $NEE

D L Carlson Investment Group Inc. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 22.3% in the second quarter, Holdings Channel.com reports. The fund owned 6,472 shares of the utilities provider’s stock after selling 1,855 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in NextEra Energy were worth $449,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NEE. Brighton Jones LLC increased its holdings in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the period. IFG Advisory LLC increased its stake in NextEra Energy by 1.7% in the 1st quarter. IFG Advisory LLC now owns 15,759 shares of the utilities provider’s stock valued at $1,117,000 after purchasing an additional 256 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in NextEra Energy by 71.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,410 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 2,246 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in NextEra Energy by 3.8% during the first quarter. Scotia Capital Inc. now owns 265,562 shares of the utilities provider’s stock worth $18,826,000 after purchasing an additional 9,838 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NEE. New Street Research set a $84.00 target price on NextEra Energy in a report on Monday, October 13th. Cowen initiated coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Wolfe Research raised their target price on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Finally, Melius assumed coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.00.

Insiders Place Their Bets

In related news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s 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 sale, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 168,168 shares of company stock worth $13,917,670. 0.20% of the stock is owned by company insiders.

NextEra Energy Price Performance

NYSE:NEE opened at $84.63 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The firm has a market cap of $176.25 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The company’s 50-day moving average is $82.58 and its two-hundred day moving average is $75.91. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio is currently 71.97%.

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.