Wealthquest Corp Sells 1,707 Shares of NextEra Energy, Inc. $NEE

Wealthquest Corp reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 18.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,360 shares of the utilities provider’s stock after selling 1,707 shares during the period. Wealthquest Corp’s holdings in NextEra Energy were worth $511,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Daymark Wealth Partners LLC boosted its stake in NextEra Energy by 6.5% during the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after buying an additional 2,767 shares in the last quarter. Avity Investment Management Inc. lifted its holdings in shares of NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after acquiring an additional 8,565 shares during the period. Dillon & Associates Inc. boosted its position 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 valued at $4,709,000 after acquiring an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC boosted its position in shares of NextEra Energy by 171.1% during the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 7,645 shares in the last quarter. Finally, Integrity Alliance LLC. increased its stake in NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after acquiring an additional 7,401 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on NEE. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Wolfe Research cut their target price on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. New Street Research set a $84.00 price target on NextEra Energy in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a research note on Monday. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, November 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.63.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 168,168 shares of company stock valued at $13,917,670 over the last ninety days. Company insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 0.7%

Shares of NEE opened at $86.13 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The company has a market cap of $179.36 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.76 and a beta of 0.69. The stock has a fifty day moving average price of $82.33 and a two-hundred day moving average price of $75.79. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 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 company had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.6%. NextEra Energy’s payout ratio is currently 71.97%.

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.