FLC Capital Advisors Sells 794 Shares of NextEra Energy, Inc. $NEE

FLC Capital Advisors lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the second quarter, HoldingsChannel.com reports. The fund owned 23,583 shares of the utilities provider’s stock after selling 794 shares during the period. FLC Capital Advisors’ holdings in NextEra Energy were worth $1,637,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Mountain Capital Investment Advisors Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter valued at about $221,000. Madison Wealth Partners Inc boosted its position in shares of NextEra Energy by 8.6% during the 2nd quarter. Madison Wealth Partners Inc now owns 4,976 shares of the utilities provider’s stock valued at $345,000 after acquiring an additional 393 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of NextEra Energy by 7.4% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 22,322 shares of the utilities provider’s stock valued at $1,625,000 after acquiring an additional 1,533 shares during the last quarter. Sigma Investment Counselors Inc. boosted its position in shares of NextEra Energy by 6.2% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 61,457 shares of the utilities provider’s stock valued at $4,266,000 after acquiring an additional 3,604 shares during the last quarter. Finally, First Bancorp Inc ME boosted its position in shares of NextEra Energy by 6.6% during the 2nd quarter. First Bancorp Inc ME now owns 8,032 shares of the utilities provider’s stock valued at $558,000 after acquiring an additional 498 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $84.48 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business’s 50 day simple moving average is $75.54 and its two-hundred day simple moving average is $72.24. The stock has a market capitalization of $173.97 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.74.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business 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 business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the business’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 directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock valued at $2,446,490 over the last ninety days. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. TD Cowen assumed coverage on NextEra Energy in a report on Thursday. They set a “buy” rating and a $98.00 price objective on the stock. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, New Street Research set a $84.00 price objective on NextEra Energy in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.40.

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.