NextEra Energy, Inc. $NEE Holdings Decreased by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,784 shares of the utilities provider’s stock after selling 5,900 shares during the quarter. Atria Investments Inc’s holdings in NextEra Energy were worth $10,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Golden State Wealth Management LLC boosted its position in NextEra Energy by 9.9% during the first quarter. Golden State Wealth Management LLC now owns 7,598 shares of the utilities provider’s stock valued at $539,000 after purchasing an additional 682 shares during the last quarter. Mather Group LLC. boosted its position in NextEra Energy by 47.7% during the first quarter. Mather Group LLC. now owns 12,607 shares of the utilities provider’s stock valued at $894,000 after purchasing an additional 4,069 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in NextEra Energy by 2.1% during the first quarter. Aaron Wealth Advisors LLC now owns 8,263 shares of the utilities provider’s stock valued at $586,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 23,028 shares of company stock valued at $1,738,973. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $81.58 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The business has a 50-day moving average of $77.20 and a two-hundred day moving average of $73.29. The stock has a market capitalization of $169.89 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is currently 72.29%.

Analysts Set New Price Targets

NEE has been the subject of a number of research reports. 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 research report on Thursday, September 25th. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Tuesday. Argus set a $90.00 price objective on NextEra Energy in a research report on Wednesday. Citigroup reaffirmed a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday. Finally, TD Cowen began coverage on NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.22.

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.