NextEra Energy, Inc. $NEE Stock Holdings Decreased by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,296 shares of the utilities provider’s stock after selling 398 shares during the period. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $784,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy in the first quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy in the first quarter worth approximately $32,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy in the first quarter worth approximately $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the fourth quarter worth approximately $36,000. Finally, Semmax Financial Advisors Inc. increased its position in shares of NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 392 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective on the stock. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.00.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,677 shares of company stock worth $1,415,418. 0.20% of the stock is owned by insiders.

NextEra Energy Stock Performance

NEE stock opened at $71.66 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $147.57 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.46 and a beta of 0.65. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The firm has a 50 day moving average of $73.10 and a two-hundred day moving average of $71.06.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s payout ratio is presently 79.37%.

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.