Somerville Kurt F Sells 515 Shares of NextEra Energy, Inc. $NEE

Somerville Kurt F reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,435 shares of the utilities provider’s stock after selling 515 shares during the period. NextEra Energy makes up about 1.0% of Somerville Kurt F’s holdings, making the stock its 27th largest holding. Somerville Kurt F’s holdings in NextEra Energy were worth $6,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. 1 North Wealth Services LLC bought a new stake in NextEra Energy during the first quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy during the first quarter valued at $32,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy during the first quarter valued at $35,000. Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after buying an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its stake in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after buying an additional 366 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were 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 represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,705 shares of company stock valued at $2,446,490. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. HSBC dropped their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. raised their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.08.

NextEra Energy Stock Up 1.4%

NEE opened at $83.28 on Wednesday. The company has a market cap of $171.50 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.83 and a beta of 0.66. The business’s 50-day moving average price is $73.43 and its 200-day moving average price is $71.44. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is currently 79.37%.

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.