Nemes Rush Group LLC Has $155,000 Position in NextEra Energy, Inc. $NEE

Nemes Rush Group LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 31.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,227 shares of the utilities provider’s stock after selling 1,009 shares during the quarter. Nemes Rush Group LLC’s holdings in NextEra Energy were worth $155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Activest Wealth Management increased its position in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at about $25,000. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth approximately $26,000. Quaker Wealth Management LLC increased its holdings 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 worth $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 during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Wolfe Research dropped their price objective on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. New Street Research set a $84.00 target price on NextEra Energy in a report on Monday, October 13th. BTIG Research restated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. Finally, Morgan Stanley dropped their price target on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.63.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 168,168 shares of company stock valued at $13,917,670. Company insiders own 0.20% of the company’s stock.

NextEra Energy Trading Down 1.1%

Shares of NEE opened at $83.41 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The firm has a market cap of $173.71 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.76 and a beta of 0.69. The business’s fifty day moving average is $80.87 and its 200-day moving average is $75.32.

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

NextEra Energy Announces Dividend

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