Flavin Financial Services Inc. Sells 939 Shares of NextEra Energy, Inc. $NEE

Flavin Financial Services Inc. reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,409 shares of the utilities provider’s stock after selling 939 shares during the period. NextEra Energy comprises 2.0% of Flavin Financial Services Inc.’s investment portfolio, making the stock its 18th largest holding. Flavin Financial Services Inc.’s holdings in NextEra Energy were worth $2,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Bancorp Inc ME grew its holdings in shares of NextEra Energy by 6.6% during the second quarter. First Bancorp Inc ME now owns 8,032 shares of the utilities provider’s stock worth $558,000 after purchasing an additional 498 shares during the last quarter. Gladwyn Financial Advisors Inc. bought a new stake in NextEra Energy in the second quarter valued at approximately $627,000. TrueMark Investments LLC boosted its holdings in NextEra Energy by 8.9% in the second quarter. TrueMark Investments LLC now owns 101,893 shares of the utilities provider’s stock valued at $7,073,000 after acquiring an additional 8,302 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of NextEra Energy by 1.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 528,308 shares of the utilities provider’s stock worth $36,675,000 after purchasing an additional 9,183 shares during the period. Finally, United Bank lifted its position in shares of NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 444 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NextEra Energy stock opened at $84.48 on Friday. The stock has a market capitalization of $173.97 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74. The stock’s 50 day moving average price is $75.54 and its two-hundred day moving average price is $72.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Activity at NextEra Energy

In other 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 transaction, the executive vice president directly owned 62,064 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 over the last three months. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $86.40.

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.