Praxis Investment Management Inc. Sells 15,440 Shares of NextEra Energy, Inc. $NEE

Praxis Investment Management Inc. decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 25.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 45,560 shares of the utilities provider’s stock after selling 15,440 shares during the quarter. Praxis Investment Management Inc.’s holdings in NextEra Energy were worth $3,163,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the 2nd quarter worth about $25,000. Activest Wealth Management increased its holdings in shares of NextEra Energy by 79.7% during 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 during the period. Stableford Capital II LLC increased its holdings in shares of NextEra Energy by 3.1% during the 2nd quarter. Stableford Capital II LLC now owns 13,576 shares of the utilities provider’s stock worth $975,000 after purchasing an additional 402 shares during the period. Omnia Family Wealth LLC increased its holdings in shares of NextEra Energy by 7.7% during the 2nd quarter. Omnia Family Wealth LLC now owns 3,914 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 280 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth about $629,000. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday. Morgan Stanley reiterated an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Melius assumed coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price on the stock. Finally, Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $86.40.

NextEra Energy Price Performance

NYSE:NEE opened at $85.00 on Friday. The firm has a market cap of $175.04 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 2.90 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 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’s 50-day moving average price is $75.30 and its two-hundred day moving average price is $72.13.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s payout ratio is 79.37%.

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.