Wealthspire Advisors LLC Sells 1,719 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wealthspire Advisors LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,810 shares of the utilities provider’s stock after selling 1,719 shares during the quarter. Wealthspire Advisors LLC’s holdings in NextEra Energy were worth $3,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Proffitt & Goodson Inc. boosted its holdings in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. Clear Investment Research LLC lifted its position in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares in the last quarter. American Capital Advisory LLC boosted its stake in NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares during the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy during the 2nd quarter valued at approximately $33,000. Finally, Neo Ivy Capital Management bought a new stake in NextEra Energy in the 4th quarter worth approximately $40,000. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

NEE stock opened at $84.65 on Friday. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $84.73. The firm has a market cap of $173.99 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 3.03 and a beta of 0.56. The business’s fifty day simple moving average is $77.31 and its two-hundred day simple moving average is $71.33. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter last year, the firm posted $0.88 EPS. Analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.43%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analysts Set New Price Targets

A number of research firms have recently commented on NEE. BMO Capital Markets increased their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Bank of America increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.50.

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.