NextEra Energy, Inc. $NEE Shares Sold by Slagle Financial LLC

Slagle Financial LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 49.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,732 shares of the utilities provider’s stock after selling 36,464 shares during the period. Slagle Financial LLC’s holdings in NextEra Energy were worth $2,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Arkfeld Wealth Strategies L.L.C. raised its stake in shares of NextEra Energy by 0.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc grew its position in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its stake in NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after buying an additional 142 shares during the period. Tradition Wealth Management LLC raised its position in shares of NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after buying an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV lifted its stake in shares of NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after acquiring an additional 145 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NEE shares. Wolfe Research lowered their price objective on shares of NextEra Energy from $94.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. BTIG Research restated a “buy” rating on shares of NextEra Energy in a research report on Monday, October 27th. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. Finally, Cowen started coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.53.

NextEra Energy Stock Down 0.2%

NEE stock opened at $83.84 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market capitalization of $174.60 billion, a P/E ratio of 26.70, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company’s 50 day simple moving average is $79.50 and its 200-day simple moving average is $74.69.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given 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 is 71.97%.

Insider Transactions at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 23,028 shares of company stock valued at $1,738,973 over the last three months. 0.20% of the stock is owned by corporate insiders.

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.