Kingswood Wealth Advisors LLC Lowers Position in NextEra Energy, Inc. $NEE

Kingswood Wealth Advisors LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,648 shares of the utilities provider’s stock after selling 1,622 shares during the period. Kingswood Wealth Advisors LLC’s holdings in NextEra Energy were worth $5,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. GQG Partners LLC lifted its holdings in 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 buying an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $1,165,748,000 after buying an additional 2,815,629 shares during the period. Amundi lifted its holdings in NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after buying an additional 2,657,438 shares during the period. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after purchasing an additional 1,886,999 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,705 shares of company stock worth $2,446,490. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $82.13 on Tuesday. 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, Inc. has a twelve month low of $61.72 and a twelve month high of $86.00. The firm has a market cap of $169.13 billion, a P/E ratio of 28.72, a PEG ratio of 2.76 and a beta of 0.66. The company has a 50 day moving average of $73.20 and a 200 day moving average of $71.36.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is presently 79.37%.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent research reports. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. Morgan Stanley reiterated an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Barclays lifted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.08.

About NextEra Energy

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.