Douglass Winthrop Advisors LLC Cuts Stock Position in NextEra Energy, Inc. $NEE

Douglass Winthrop Advisors LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,721 shares of the utilities provider’s stock after selling 844 shares during the period. Douglass Winthrop Advisors LLC’s holdings in NextEra Energy were worth $2,320,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sax Wealth Advisors LLC grew its stake in shares of NextEra Energy by 254.9% in the 1st quarter. Sax Wealth Advisors LLC now owns 16,782 shares of the utilities provider’s stock worth $1,190,000 after buying an additional 12,054 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of NextEra Energy by 101.5% in the 1st quarter. AlphaQuest LLC now owns 29,360 shares of the utilities provider’s stock valued at $2,081,000 after acquiring an additional 14,788 shares during the last quarter. Strategies Wealth Advisors LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at about $332,000. Allstate Corp grew its position in NextEra Energy by 24.0% in the first quarter. Allstate Corp now owns 75,572 shares of the utilities provider’s stock worth $5,357,000 after acquiring an additional 14,616 shares in the last quarter. Finally, Laffer Tengler Investments Inc. increased its stake in NextEra Energy by 9.6% during the first quarter. Laffer Tengler Investments Inc. now owns 67,500 shares of the utilities provider’s stock worth $4,785,000 after acquiring an additional 5,928 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NEE. Melius started coverage on NextEra Energy in a research note on Wednesday. They issued a “buy” rating and a $77.00 price objective for the company. JPMorgan Chase & Co. increased their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday. UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Barclays boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $84.23.

NextEra Energy Stock Performance

NEE stock opened at $76.2270 on Friday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a market cap of $156.97 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.62 and a beta of 0.63. The business’s fifty day simple moving average is $73.04 and its two-hundred day simple moving average is $70.79. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during 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 business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s dividend payout ratio is currently 79.37%.

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.