Flavin Financial Services Inc. Has $2.11 Million Stake in NextEra Energy, Inc. $NEE

Flavin Financial Services Inc. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,409 shares of the utilities provider’s stock after selling 939 shares during the quarter. NextEra Energy makes up 2.0% of Flavin Financial Services Inc.’s investment portfolio, making the stock its 18th largest holding. Flavin Financial Services Inc.’s holdings in NextEra Energy were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management raised its position in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in NextEra Energy in the 2nd quarter valued at $25,000. 1 North Wealth Services LLC purchased a new stake in NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. purchased a new stake in NextEra Energy in the 1st quarter valued at $32,000. Finally, IMA Advisory Services Inc. purchased a new stake in NextEra Energy in the 1st quarter valued at $35,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was 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 of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 over the last quarter. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Down 0.7%

Shares of NextEra Energy stock opened at $84.48 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a market cap of $173.97 billion, a PE ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The stock has a fifty day moving average price of $75.54 and a 200-day moving average price of $72.24.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company 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 firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Analysts Set New Price Targets

A number of research firms recently commented on NEE. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. New Street Research set a $84.00 target price on NextEra Energy in a research report on Monday, October 13th. Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $86.40.

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.