SCP Investment LP Reduces Stock Position in NextEra Energy, Inc. $NEE

SCP Investment LP cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 47.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,800 shares of the utilities provider’s stock after selling 9,000 shares during the quarter. NextEra Energy makes up approximately 0.5% of SCP Investment LP’s holdings, making the stock its 25th largest holding. SCP Investment LP’s holdings in NextEra Energy were worth $680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Daymark Wealth Partners LLC lifted its position in NextEra Energy by 6.5% during the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after buying an additional 2,767 shares during the period. Avity Investment Management Inc. grew its holdings in NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after purchasing an additional 8,565 shares during the period. Dillon & Associates Inc. increased its stake in shares of NextEra Energy by 8.4% during the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after purchasing an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC boosted its position in shares of NextEra Energy by 171.1% in the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after purchasing an additional 7,645 shares in the last quarter. Finally, Integrity Alliance LLC. boosted its position in shares of NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This represents a 47.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 168,168 shares of company stock valued at $13,917,670 over the last 90 days. Company insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 0.9%

Shares of NextEra Energy stock opened at $85.58 on Thursday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company’s fifty day simple moving average is $81.73 and its 200-day simple moving average is $75.61. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market capitalization of $178.22 billion, a PE ratio of 27.25, a P/E/G ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last released 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 return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the business earned $1.03 earnings per share. NextEra Energy’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given 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 is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Mizuho lifted their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. TD Cowen assumed coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.63.

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.