Oppenheimer & Co. Inc. lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,319 shares of the utilities provider’s stock after selling 4,989 shares during the period. Oppenheimer & Co. Inc.’s holdings in NextEra Energy were worth $9,714,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Day & Ennis LLC increased its position in shares of NextEra Energy by 0.6% during the 1st quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 14 shares during the period. Paragon Capital Management LLC increased its position in shares of NextEra Energy by 0.3% during the 1st quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock valued at $686,000 after purchasing an additional 15 shares during the period. Farmers & Merchants Investments Inc. increased its position in shares of NextEra Energy by 0.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock valued at $665,000 after purchasing an additional 15 shares during the period. Whalerock Point Partners LLC increased its position in shares of NextEra Energy by 0.3% during the 2nd quarter. Whalerock Point Partners LLC now owns 5,598 shares of the utilities provider’s stock valued at $784,000 after purchasing an additional 15 shares during the period. Finally, First Interstate Bank increased its position in shares of NextEra Energy by 1.3% during the 2nd quarter. First Interstate Bank now owns 1,259 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 16 shares during the period. 75.37% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy, Inc. (NYSE:NEE) opened at 152.54 on Thursday. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $152.78. The stock has a market cap of $71.58 billion, a P/E ratio of 17.47 and a beta of 0.31. The stock’s 50 day moving average price is $148.82 and its 200-day moving average price is $142.35.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post $6.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 45.02%.

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In related news, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,385 shares of company stock valued at $9,614,382. 0.53% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on NEE shares. KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley lifted their price target on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. BMO Capital Markets reiterated a “buy” rating and set a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $153.75.

NextEra Energy Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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