NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Mattern Wealth Management LLC

Mattern Wealth Management LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,089 shares of the utilities provider’s stock after selling 1,229 shares during the quarter. Mattern Wealth Management LLC’s holdings in NextEra Energy were worth $1,614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC boosted its position in shares of NextEra Energy by 61.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 149,161 shares of the utilities provider’s stock valued at $9,533,000 after purchasing an additional 56,683 shares during the period. Riverview Trust Co acquired a new position in NextEra Energy during the first quarter valued at approximately $118,000. Fermata Advisors LLC increased its stake in NextEra Energy by 76.3% during the 1st quarter. Fermata Advisors LLC now owns 6,183 shares of the utilities provider’s stock worth $395,000 after acquiring an additional 2,675 shares during the period. Evanson Asset Management LLC boosted its holdings in shares of NextEra Energy by 42.2% during the 1st quarter. Evanson Asset Management LLC now owns 5,192 shares of the utilities provider’s stock valued at $332,000 after acquiring an additional 1,540 shares in the last quarter. Finally, Beech Hill Advisors Inc. grew its stake in NextEra Energy by 169.8% during the first quarter. Beech Hill Advisors Inc. now owns 59,944 shares of the utilities provider’s stock worth $3,831,000 after purchasing an additional 37,729 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NEE traded down $0.14 during trading hours on Tuesday, hitting $83.89. The company’s stock had a trading volume of 2,325,551 shares, compared to its average volume of 10,728,877. The business’s 50-day moving average price is $81.94 and its 200-day moving average price is $75.76. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market cap of $172.35 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $50.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the company posted $0.88 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.46%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NEE shares. Scotiabank lifted their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Company upped their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.46.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by 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.