NextEra Energy, Inc. $NEE Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,529 shares of the utilities provider’s stock after selling 2,228 shares during the period. Brookstone Capital Management’s holdings in NextEra Energy were worth $2,328,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NEE. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in shares of NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in shares of NextEra Energy by 0.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after acquiring an additional 142 shares in the last quarter. Tradition Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV boosted its holdings in shares of NextEra Energy by 1.5% in the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after acquiring an additional 145 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.4%

NEE stock opened at $84.42 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74. The firm has a market cap of $173.85 billion, a PE ratio of 29.52, a P/E/G ratio of 2.81 and a beta of 0.66. The firm has a 50 day simple moving average of $76.64 and a 200 day simple moving average of $72.78. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

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

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is 79.37%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NEE shares. Mizuho set a $78.00 price objective on shares of NextEra Energy in a report on Thursday, August 21st. Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. BTIG Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $88.38.

Insider Activity

In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,528 shares of company stock worth $2,277,773 in the last quarter. Insiders own 0.20% of the company’s stock.

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.