NextEra Energy, Inc. $NEE Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,692 shares of the utilities provider’s stock after selling 2,154 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in NextEra Energy were worth $3,658,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares in the last quarter. Geode Capital Management LLC boosted its stake in NextEra Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after acquiring an additional 526,996 shares in the last quarter. Northern Trust Corp grew its stake in NextEra Energy by 1.1% during the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after buying an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NextEra Energy by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after acquiring an additional 1,336,259 shares during the period. Finally, GQG Partners LLC raised its holdings in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after buying an additional 6,352,798 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NEE. UBS Group reiterated a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Citigroup reiterated a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Cowen started coverage on NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.53.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of the business’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 transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,028 shares of company stock worth $1,738,973 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

NEE stock opened at $83.84 on Monday. The stock’s 50 day moving average price is $79.50 and its 200 day moving average price is $74.69. The firm has a market cap of $174.60 billion, a P/E ratio of 26.70, a PEG ratio of 2.76 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53.

NextEra Energy (NYSE:NEE) last released 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 period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. 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 currently 71.97%.

About NextEra Energy

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.