Sachetta LLC Sells 805 Shares of NextEra Energy, Inc. $NEE

Sachetta LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,650 shares of the utilities provider’s stock after selling 805 shares during the quarter. Sachetta LLC’s holdings in NextEra Energy were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NEE. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 1.0% during 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 position in 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. boosted its position in NextEra Energy by 6.7% during 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 period. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% in the first 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 last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 20.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $82.13 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.00. The company’s 50 day moving average price is $73.20 and its two-hundred day moving average price is $71.36. The firm has a market cap of $169.13 billion, a PE ratio of 28.72, a PEG ratio of 2.76 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NEE shares. Barclays raised their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.08.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction dated 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 transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock worth $2,446,490 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

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.