Northeast Investment Management Sells 14,577 Shares of NextEra Energy, Inc. $NEE

Northeast Investment Management reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 387,767 shares of the utilities provider’s stock after selling 14,577 shares during the quarter. NextEra Energy accounts for 1.2% of Northeast Investment Management’s holdings, making the stock its 27th biggest holding. Northeast Investment Management’s holdings in NextEra Energy were worth $29,273,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Sax Wealth Advisors LLC raised its position in shares of NextEra Energy by 0.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 118 shares in the last quarter. apricus wealth LLC increased its stake in NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 120 shares during the last quarter. Fingerlakes Wealth Management Inc. raised its position in NextEra Energy by 0.8% during the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after purchasing an additional 124 shares in the last quarter. Heritage Wealth Management Inc. lifted its stake in NextEra Energy by 1.0% during the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 125 shares during the last quarter. Finally, Bank of Jackson Hole Trust boosted its holdings in shares of NextEra Energy by 1.1% in the 3rd quarter. Bank of Jackson Hole Trust now owns 11,885 shares of the utilities provider’s stock valued at $897,000 after purchasing an additional 126 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the sale, the chief executive officer owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. The trade was a 65.88% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 159,049 shares of company stock worth $14,194,542. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 1.3%

NEE opened at $92.62 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.56. The company’s 50 day moving average price is $84.14 and its two-hundred day moving average price is $80.57. The firm has a market capitalization of $192.89 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.90 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. NextEra Energy’s revenue was up 20.7% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.6232 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 69.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NEE. The Goldman Sachs Group lifted their price target on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wells Fargo & Company raised their price objective on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Citigroup reissued a “buy” rating and set a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Seaport Research Partners dropped their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Finally, BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $92.95.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.