Fortitude Advisory Group L.L.C. Sells 163 Shares of NextEra Energy, Inc. $NEE

Fortitude Advisory Group L.L.C. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,075 shares of the utilities provider’s stock after selling 163 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in NextEra Energy were worth $213,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NEE. GQG Partners LLC boosted its position in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Amundi boosted its position in shares of NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares in the last quarter. Finally, Boston Partners boosted its position in shares of NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after purchasing an additional 1,886,999 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent research reports. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Barclays lifted their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Morgan Stanley reiterated an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

NextEra Energy Stock Up 2.5%

NEE stock opened at $80.12 on Friday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00. The business has a fifty day moving average price of $72.99 and a 200-day moving average price of $71.28. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The stock has a market capitalization of $164.98 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.76 and a beta of 0.66.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s payout ratio is currently 79.37%.

Insiders Place Their Bets

In related 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 completion of the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,369 shares of company stock worth $1,539,610 over the last three months. Company insiders own 0.20% of the company’s stock.

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.