L.M. Kohn & Company Sells 7,243 Shares of NextEra Energy, Inc. $NEE

L.M. Kohn & Company lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 48.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,807 shares of the utilities provider’s stock after selling 7,243 shares during the quarter. L.M. Kohn & Company’s holdings in NextEra Energy were worth $542,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Activest Wealth Management raised its holdings in shares of NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter valued at about $25,000. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy during the 1st quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at about $32,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at about $35,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $83.58 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business’s 50 day simple moving average is $76.98 and its two-hundred day simple moving average is $73.12. The stock has a market capitalization of $172.12 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

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 dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 79.37%.

Insider Activity

In other news, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,028 shares of company stock valued at $1,738,973. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NEE. Mizuho raised their price objective on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday. Barclays set a $88.00 price objective on NextEra Energy in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Morgan Stanley reissued an “overweight” rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.13.

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.