D Orazio & Associates Inc. Sells 768 Shares of NextEra Energy, Inc. $NEE

D Orazio & Associates Inc. cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 20.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,982 shares of the utilities provider’s stock after selling 768 shares during the period. D Orazio & Associates Inc.’s holdings in NextEra Energy were worth $207,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in NextEra Energy in the second quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new stake in NextEra Energy in the first quarter valued at approximately $26,000. Quaker Wealth Management LLC boosted its stake in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares during the period. Finally, Nova Wealth Management Inc. bought a new position in shares of NextEra Energy in the first quarter worth approximately $32,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 23,028 shares of company stock valued at $1,738,973. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating and set a $95.00 price target (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Barclays set a $88.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Finally, Cowen assumed coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.22.

NextEra Energy Stock Down 2.2%

Shares of NYSE NEE opened at $83.99 on Friday. The firm has a fifty day simple moving average of $79.24 and a two-hundred day simple moving average of $74.47. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $174.92 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69.

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

NextEra Energy Dividend Announcement

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

NextEra Energy Company 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.