Schmidt P J Investment Management Inc. Trims Stock Position in NextEra Energy, Inc. $NEE

Schmidt P J Investment Management Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,002 shares of the utilities provider’s stock after selling 1,287 shares during the quarter. NextEra Energy makes up approximately 1.5% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 19th biggest holding. Schmidt P J Investment Management Inc.’s holdings in NextEra Energy were worth $8,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NEE. Activest Wealth Management increased its position in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $32,000. Finally, IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $35,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,028 shares of company stock worth $1,738,973 over the last three months. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $84.42 on Monday. The company has a market cap of $173.85 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.74. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average of $76.64 and a two-hundred day moving average of $72.88.

NextEra Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BTIG Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. Barclays set a $87.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Three research 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.38.

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.