L.M. Kohn & Company Sells 7,243 Shares of NextEra Energy, Inc. $NEE

L.M. Kohn & Company cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 48.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,807 shares of the utilities provider’s stock after selling 7,243 shares during the period. L.M. Kohn & Company’s holdings in NextEra Energy were worth $542,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted 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 valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy during the first quarter valued at approximately $32,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the first quarter valued at approximately $35,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NEE shares. Mizuho boosted their target price on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday. Barclays set a $88.00 target price on NextEra Energy in a report on Wednesday. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. Finally, Wells Fargo & Company set a $97.00 target price on NextEra Energy and gave the stock an “overweight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned 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 a consensus target price of $89.13.

NextEra Energy Trading Down 2.8%

Shares of NYSE:NEE opened at $83.58 on Wednesday. The company has a market cap of $172.12 billion, a P/E ratio of 29.22, a PEG ratio of 2.91 and a beta of 0.66. 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, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The stock’s fifty day moving average price is $76.98 and its 200-day moving average price is $73.12.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,028 shares of company stock valued at $1,738,973 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

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.