Rockefeller Capital Management L.P. Sells 351,398 Shares of NextEra Energy, Inc. $NEE

Rockefeller Capital Management L.P. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,919,802 shares of the utilities provider’s stock after selling 351,398 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.09% of NextEra Energy worth $133,468,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management boosted its holdings in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at $25,000. 1 North Wealth Services LLC purchased a new position in shares of NextEra Energy in the 1st quarter worth $26,000. Quaker Wealth Management LLC grew its holdings in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares during the period. Finally, Nova Wealth Management Inc. purchased a new stake in NextEra Energy during the first quarter valued at $32,000. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the firm’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 owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% 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 valued at $1,738,973 over the last ninety days. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEE. Melius started coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. UBS Group restated a “buy” rating and set a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Cowen started coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Citigroup reissued a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Argus set a $90.00 target price on NextEra Energy in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.53.

NextEra Energy Stock Down 0.2%

NEE opened at $83.84 on Friday. The company has a market capitalization of $174.60 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The firm has a 50-day simple moving average of $79.50 and a two-hundred day simple moving average of $74.64. 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, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53.

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, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis 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 presently 71.97%.

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.