Cedar Point Capital Partners LLC Sells 844 Shares of NextEra Energy, Inc. $NEE

Cedar Point Capital Partners LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 18.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,853 shares of the utilities provider’s stock after selling 844 shares during the quarter. Cedar Point Capital Partners LLC’s holdings in NextEra Energy were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Avity Investment Management Inc. grew its stake in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares during the last quarter. Integrity Alliance LLC. grew its stake in NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 7,401 shares during the last quarter. Elyxium Wealth LLC bought a new stake in NextEra Energy during the first quarter worth about $783,000. Czech National Bank grew its stake in NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after buying an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. grew its stake in NextEra Energy by 2.0% during the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock worth $933,000 after buying an additional 263 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. HSBC decreased their price objective 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. Mizuho increased their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Morgan Stanley reissued an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, Evercore ISI reissued an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.06.

NextEra Energy Stock Down 2.8%

Shares of NYSE NEE opened at $83.58 on Wednesday. The firm has a market capitalization of $172.12 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. 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 1 year low of $61.72 and a 1 year high of $87.53. The firm’s 50-day moving average is $76.98 and its 200-day moving average is $73.12.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Equities analysts expect 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 will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.18% of the stock is currently owned by insiders.

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.