Valley Brook Capital Group Inc. Sells 505 Shares of NextEra Energy, Inc. $NEE

Valley Brook Capital Group Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,463 shares of the utilities provider’s stock after selling 505 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in NextEra Energy were worth $1,004,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NEE. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the first quarter valued at about $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy in the first quarter valued at about $32,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy in the first quarter valued at about $35,000. Semmax Financial Advisors Inc. boosted its position in shares of NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. Finally, Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. One 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. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $85.08.

Insider Transactions at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction that occurred on 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 owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Down 0.5%

NEE stock opened at $83.30 on Friday. The stock has a market capitalization of $171.54 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The firm has a 50-day moving average price of $74.20 and a 200-day moving average price of $71.74.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 issued a $0.5665 dividend. 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 2.7%. NextEra Energy’s dividend payout ratio is 79.02%.

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.