Flputnam Investment Management Co. Sells 3,613 Shares of NextEra Energy, Inc. $NEE

Flputnam Investment Management Co. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the 1st quarter, HoldingsChannel reports. The fund owned 374,264 shares of the utilities provider’s stock after selling 3,613 shares during the period. Flputnam Investment Management Co.’s holdings in NextEra Energy were worth $26,532,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Tradition Wealth Management LLC increased its stake in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after acquiring an additional 143 shares during the last quarter. Cim LLC grew its stake in shares of NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock valued at $2,397,000 after buying an additional 158 shares during the last quarter. Conning Inc. grew its stake in shares of NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider’s stock valued at $999,000 after buying an additional 160 shares during the last quarter. Premier Path Wealth Partners LLC grew its stake in shares of NextEra Energy by 0.7% during the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider’s stock valued at $1,591,000 after buying an additional 166 shares during the last quarter. Finally, Opal Wealth Advisors LLC grew its stake in shares of NextEra Energy by 2.9% during the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider’s stock valued at $427,000 after buying an additional 168 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company’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 sale, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 0.1%

Shares of NYSE:NEE opened at $72.03 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock has a market cap of $148.34 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 2.48 and a beta of 0.63. The business’s 50 day moving average is $73.20 and its 200 day moving average is $70.95. 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 posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.NextEra Energy’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

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 issued a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. NextEra Energy’s dividend payout ratio is currently 79.37%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research note on Thursday, August 21st. Mizuho set a $78.00 target price on NextEra Energy in a research note on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. BMO Capital Markets upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

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.