Mayport LLC Sells 129 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mayport LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,887 shares of the utilities provider’s stock after selling 129 shares during the period. Mayport LLC’s holdings in NextEra Energy were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Engineers Gate Manager LP raised its position in NextEra Energy by 1,462.4% during the first quarter. Engineers Gate Manager LP now owns 44,685 shares of the utilities provider’s stock valued at $3,785,000 after purchasing an additional 41,825 shares in the last quarter. Marietta Wealth Management LLC increased its holdings in shares of NextEra Energy by 1.9% during the first quarter. Marietta Wealth Management LLC now owns 68,267 shares of the utilities provider’s stock worth $5,783,000 after buying an additional 1,285 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of NextEra Energy by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,640,208 shares of the utilities provider’s stock worth $308,376,000 after buying an additional 85,368 shares in the last quarter. Klingman & Associates LLC acquired a new position in shares of NextEra Energy during the first quarter worth $715,000. Finally, Abbrea Capital LLC increased its holdings in shares of NextEra Energy by 0.6% during the first quarter. Abbrea Capital LLC now owns 58,395 shares of the utilities provider’s stock worth $4,947,000 after buying an additional 340 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on NEE. UBS Group reduced their price objective on shares of NextEra Energy to $109.00 in a research note on Tuesday, September 6th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $107.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 9th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, September 16th. KeyCorp reduced their price objective on shares of NextEra Energy from $89.00 to $88.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. Finally, TheStreet raised shares of NextEra Energy from a “c+” rating to a “b” rating in a research report on Friday, July 22nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.30.

Insider Buying and Selling at NextEra Energy

In other news, EVP Ronald R. Reagan sold 9,307 shares of NextEra Energy stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $88.79, for a total transaction of $826,368.53. Following the sale, the executive vice president now owns 18,176 shares of the company’s stock, valued at approximately $1,613,847.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Ronald R. Reagan sold 9,307 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $88.79, for a total transaction of $826,368.53. Following the sale, the executive vice president now owns 18,176 shares of the company’s stock, valued at $1,613,847.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Ketchum bought 12,909 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was purchased at an average price of $78.33 per share, for a total transaction of $1,011,161.97. Following the purchase, the chief executive officer now owns 132,894 shares of the company’s stock, valued at approximately $10,409,587.02. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.

NextEra Energy Trading Down 1.4 %

NEE opened at $82.37 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $93.73. The firm has a market capitalization of $161.84 billion, a PE ratio of 63.77, a P/E/G ratio of 3.01 and a beta of 0.46. The company’s 50-day moving average is $86.16 and its 200 day moving average is $80.75.

NextEra Energy (NYSE:NEEGet Rating) last posted its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.26 billion. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The firm’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 2.89 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, August 29th. NextEra Energy’s dividend payout ratio (DPR) is currently 129.77%.

NextEra Energy Company Profile

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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, coal, and natural gas facilities. 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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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