NextEra Energy, Inc. $NEE is Mark Sheptoff Financial Planning LLC’s 2nd Largest Position

Mark Sheptoff Financial Planning LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,904 shares of the utilities provider’s stock after selling 829 shares during the quarter. NextEra Energy accounts for approximately 6.8% of Mark Sheptoff Financial Planning LLC’s holdings, making the stock its 2nd biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in NextEra Energy were worth $12,836,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after purchasing an additional 262,819 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after purchasing an additional 1,336,259 shares during the last quarter. GQG Partners LLC increased its holdings in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,028 shares of company stock worth $1,738,973 in the last ninety days. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NEE. Melius began coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Cowen began coverage on NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.22.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $83.92 on Friday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The firm’s 50-day moving average is $78.17 and its 200 day moving average is $73.95. The stock has a market cap of $174.76 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 2.76 and a beta of 0.69. 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. The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced 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. 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 payout ratio is currently 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.