NextEra Energy, Inc. $NEE Shares Sold by Clarius Group LLC

Clarius Group LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,141 shares of the utilities provider’s stock after selling 496 shares during the period. Clarius Group LLC’s holdings in NextEra Energy were worth $1,190,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new position in NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy in the 1st quarter valued at $32,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy in the 1st quarter valued at $35,000. Semmax Financial Advisors Inc. raised its holdings in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 366 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the business’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 transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,369 shares of company stock worth $1,539,610. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $80.12 on Friday. The company’s fifty day simple moving average is $72.99 and its 200-day simple moving average is $71.28. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market cap of $164.98 billion, a PE ratio of 28.01, a P/E/G ratio of 2.76 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last issued its 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. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a report on Saturday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. BMO Capital Markets lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $84.08.

NextEra Energy Company 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.