Bryn Mawr Trust Advisors LLC Sells 3,119 Shares of NextEra Energy, Inc. $NEE

Bryn Mawr Trust Advisors LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,512 shares of the utilities provider’s stock after selling 3,119 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in NextEra Energy were worth $2,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Activest Wealth Management increased its position in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new stake in NextEra Energy during the second quarter worth about $25,000. 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the first quarter worth about $26,000. Quaker Wealth Management LLC grew its stake in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new position in NextEra Energy in the 1st quarter valued at about $32,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. New Street Research set a $84.00 price target on shares of NextEra Energy in a report on Monday, October 13th. TD Cowen assumed coverage on NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Citigroup reaffirmed a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Finally, Evercore ISI restated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned 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 $90.22.

Insider Activity

In other news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. 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 quarter. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Up 2.3%

Shares of NYSE:NEE opened at $83.92 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a market capitalization of $174.76 billion, a PE ratio of 26.72, a price-to-earnings-growth 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. The company has a fifty day moving average of $78.17 and a 200-day moving average of $73.95.

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

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders 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 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend 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.