RFG Bristol Wealth Advisors LLC Sells 1,922 Shares of NextEra Energy, Inc. $NEE

RFG Bristol Wealth Advisors LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 21.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,218 shares of the utilities provider’s stock after selling 1,922 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in NextEra Energy were worth $501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Simmons Bank increased its holdings in NextEra Energy by 0.6% during the 2nd quarter. Simmons Bank now owns 114,071 shares of the utilities provider’s stock valued at $7,919,000 after purchasing an additional 719 shares during the period. Crestwood Advisors Group LLC boosted its stake in shares of NextEra Energy by 1.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 117,205 shares of the utilities provider’s stock valued at $8,136,000 after purchasing an additional 1,525 shares in the last quarter. FWG Holdings LLC raised its stake in NextEra Energy by 4.9% in the second quarter. FWG Holdings LLC now owns 15,918 shares of the utilities provider’s stock worth $1,123,000 after buying an additional 737 shares in the last quarter. Jacobson & Schmitt Advisors LLC bought a new stake in NextEra Energy during the 2nd quarter valued at approximately $288,000. Finally, Dillon & Associates Inc. grew its holdings in shares of NextEra Energy by 8.4% during the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after acquiring an additional 5,261 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $81.61 on Wednesday. The firm’s 50-day moving average price is $77.57 and its 200-day moving average price is $73.70. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a market cap of $169.97 billion, a PE ratio of 25.99, a PEG ratio of 2.76 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last posted its 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. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,028 shares of company stock worth $1,738,973 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NEE shares. Jefferies Financial Group restated a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. HSBC lowered 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. Finally, BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $90.22.

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.