Merrion Investment Management Co LLC Decreases Stake in NextEra Energy, Inc. $NEE

Merrion Investment Management Co LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 29.6% in the second quarter, Holdings Channel reports. The firm owned 4,935 shares of the utilities provider’s stock after selling 2,075 shares during the period. Merrion Investment Management Co LLC’s holdings in NextEra Energy were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Leavell Investment Management Inc. raised its stake in shares of NextEra Energy by 10.4% in the first quarter. Leavell Investment Management Inc. now owns 19,070 shares of the utilities provider’s stock worth $1,352,000 after purchasing an additional 1,790 shares during the last quarter. IFC Advisors LLC lifted its holdings in shares of NextEra Energy by 18.8% during the first quarter. IFC Advisors LLC now owns 49,853 shares of the utilities provider’s stock worth $3,534,000 after purchasing an additional 7,892 shares during the period. Finally, PYA Waltman Capital LLC lifted its holdings in shares of NextEra Energy by 1.7% during the first quarter. PYA Waltman Capital LLC now owns 14,231 shares of the utilities provider’s stock worth $1,009,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,028 shares of company stock valued at $1,738,973. Company insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $83.92 on Friday. The stock has a market capitalization of $174.76 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The firm’s 50 day simple moving average is $78.17 and its 200-day simple moving average is $74.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last posted its 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 firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the business posted $1.03 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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 given 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 yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 71.97%.

Analyst Ratings Changes

NEE has been the subject of a number of recent research reports. Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a report on Monday, October 27th. Cowen started coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Finally, 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. Three equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

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.