Vestmark Advisory Solutions Inc. Sells 28,921 Shares of NextEra Energy, Inc. $NEE

Vestmark Advisory Solutions Inc. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 34.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,067 shares of the utilities provider’s stock after selling 28,921 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in NextEra Energy were worth $3,823,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased 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 buying an additional 2,025,193 shares in the last quarter. Northern Trust Corp lifted its stake in NextEra Energy by 1.1% during the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after acquiring an additional 262,819 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of NextEra Energy by 6.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after acquiring an additional 1,336,259 shares during the last quarter. GQG Partners LLC grew its stake 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 worth $1,221,896,000 after acquiring an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of NextEra Energy by 20.7% during 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. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the 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 sale, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,028 shares of company stock valued at $1,738,973 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $83.92 on Friday. The business has a 50-day simple moving average of $78.17 and a two-hundred day simple moving average of $74.00. 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 52 week low of $61.72 and a 52 week high of $87.53. 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.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NEE. Barclays set a $88.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Mizuho raised their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Argus set a $90.00 price objective on NextEra Energy in a research report on Wednesday, October 29th. Cowen started coverage on NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. 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 company’s stock. Based on data from MarketBeat.com, the company currently 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.