NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Decreased by M. Kraus & Co

M. Kraus & Co lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,657 shares of the utilities provider’s stock after selling 401 shares during the quarter. NextEra Energy accounts for about 4.1% of M. Kraus & Co’s portfolio, making the stock its 6th largest position. M. Kraus & Co’s holdings in NextEra Energy were worth $10,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of NEE. Engineers Gate Manager LP increased its holdings in NextEra Energy by 1,462.4% in the first quarter. Engineers Gate Manager LP now owns 44,685 shares of the utilities provider’s stock valued at $3,785,000 after buying an additional 41,825 shares during the last quarter. Marietta Wealth Management LLC increased its holdings in NextEra Energy by 1.9% in the first quarter. Marietta Wealth Management LLC now owns 68,267 shares of the utilities provider’s stock valued at $5,783,000 after buying an additional 1,285 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in NextEra Energy by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,640,208 shares of the utilities provider’s stock valued at $308,376,000 after buying an additional 85,368 shares during the last quarter. Klingman & Associates LLC purchased a new position in NextEra Energy in the first quarter valued at $715,000. Finally, Abbrea Capital LLC increased its holdings in NextEra Energy by 0.6% in the first quarter. Abbrea Capital LLC now owns 58,395 shares of the utilities provider’s stock valued at $4,947,000 after buying an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.

Insider Activity at NextEra Energy

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

NextEra Energy Stock Performance

Shares of NEE traded down $2.17 during mid-day trading on Friday, hitting $81.37. 293,265 shares of the company’s stock were exchanged, compared to its average volume of 8,021,994. 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 $159.87 billion, a P/E ratio of 63.77, a P/E/G ratio of 3.01 and a beta of 0.46. The business’s 50 day moving average is $86.16 and its two-hundred day moving average is $80.75. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEEGet Rating) last announced its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.06. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. On average, equities analysts expect that NextEra Energy, Inc. will post 2.89 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were given a $0.425 dividend. The ex-dividend date was Monday, August 29th. This represents a $1.70 dividend on an annualized basis and a yield of 2.09%. NextEra Energy’s payout ratio is currently 129.77%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NEE shares. Credit Suisse Group increased their target price on NextEra Energy from $79.00 to $98.00 in a report on Wednesday, September 14th. TheStreet upgraded shares of NextEra Energy from a “c+” rating to a “b” rating in a research note on Friday, July 22nd. BMO Capital Markets upped their price objective on shares of NextEra Energy from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, September 16th. KeyCorp decreased their price objective on shares of NextEra Energy from $89.00 to $88.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Finally, Guggenheim upped their price objective on shares of NextEra Energy from $91.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.30.

About NextEra Energy

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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.

See Also

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

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