Forte Capital LLC ADV Has $528,000 Stock Holdings in NextEra Energy, Inc. $NEE

Forte Capital LLC ADV trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.9% in the second quarter, HoldingsChannel reports. The firm owned 7,607 shares of the utilities provider’s stock after selling 741 shares during the quarter. Forte Capital LLC ADV’s holdings in NextEra Energy were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NEE. GQG Partners LLC boosted its holdings in shares of NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. Amundi boosted its holdings 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 worth $878,447,000 after acquiring an additional 2,657,438 shares during the period. GAMMA Investing LLC grew its position in shares of NextEra Energy by 8,456.8% in the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider’s stock valued at $174,286,000 after purchasing an additional 2,429,804 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake 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 worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. 78.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy 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 approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $71.90, for a total value of $60,827.40. Following the transaction, the executive vice president directly owned 10,113 shares of the company’s stock, valued at $727,124.70. This trade represents a 7.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,523 shares of company stock worth $1,476,245. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Down 0.1%

NEE opened at $72.27 on Wednesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a 50-day simple moving average of $72.66 and a 200 day simple moving average of $71.07. 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 stock has a market capitalization of $148.81 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 2.49 and a beta of 0.65.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.1%. NextEra Energy’s dividend payout ratio is presently 79.02%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. 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 report on Thursday, July 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.