EagleClaw Capital Managment LLC Reduces Stock Holdings in NextEra Energy, Inc. $NEE

EagleClaw Capital Managment LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 19,853 shares of the utilities provider’s stock after selling 2,000 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in NextEra Energy were worth $1,378,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Activest Wealth Management boosted its stake in NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy in the second quarter worth $25,000. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the first quarter worth $26,000. Quaker Wealth Management LLC grew its holdings in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after buying an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy in the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. New Street Research set a $84.00 price target on NextEra Energy in a research note on Monday, October 13th. Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. Citigroup reiterated a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Barclays set a $88.00 price objective on shares of NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.22.

NextEra Energy Trading Up 0.1%

NextEra Energy stock opened at $85.88 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The stock’s 50 day simple moving average is $78.98 and its two-hundred day simple moving average is $74.40. The firm has a market cap of $178.84 billion, a PE ratio of 27.35, a P/E/G ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.

Insider Activity

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was 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 of the company’s stock, 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 23,028 shares of company stock worth $1,738,973 in the last ninety days. Company insiders own 0.18% 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.