NextEra Energy, Inc. $NEE Shares Sold by Spire Wealth Management

Spire Wealth Management lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 34.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,866 shares of the utilities provider’s stock after selling 50,979 shares during the quarter. Spire Wealth Management’s holdings in NextEra Energy were worth $6,729,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. lifted its holdings in NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after buying an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc increased its position in shares of NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its position in shares of NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after purchasing an additional 142 shares during the last quarter. Tradition Wealth Management LLC increased its position in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after purchasing an additional 143 shares during the last quarter. Finally, Tandem Capital Management Corp ADV increased its position in shares of NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $81.67 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The firm has a 50-day simple moving average of $77.09 and a 200 day simple moving average of $73.23. The company has a market cap of $168.18 billion, a PE ratio of 26.01, a P/E/G ratio of 2.82 and a beta of 0.66.

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

NextEra Energy Announces Dividend

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 given a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NEE. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Citigroup reissued a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday. TD Cowen began coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price for the company. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $90.22.

NextEra Energy 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.