Reilly Financial Advisors LLC Reduces Position in NextEra Energy Inc (NEE)

Reilly Financial Advisors LLC lowered its position in NextEra Energy Inc (NYSE:NEE) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 70,510 shares of the utilities provider’s stock after selling 1,050 shares during the period. NextEra Energy comprises 1.6% of Reilly Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Reilly Financial Advisors LLC’s holdings in NextEra Energy were worth $11,818,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. increased its holdings in NextEra Energy by 492.5% in the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after buying an additional 719 shares during the last quarter. Howe & Rusling Inc. increased its holdings in NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after buying an additional 373 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in NextEra Energy in the third quarter worth approximately $168,000. Marshall & Sullivan Inc. WA acquired a new position in NextEra Energy in the second quarter worth approximately $167,000. Finally, CSat Investment Advisory L.P. acquired a new position in NextEra Energy in the second quarter worth approximately $176,000. Hedge funds and other institutional investors own 76.38% of the company’s stock.

Several brokerages have commented on NEE. Howard Weil began coverage on NextEra Energy in a report on Tuesday, July 24th. They set a “sector perform” rating on the stock. Wells Fargo & Co increased their price target on NextEra Energy from $191.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 10th. Morgan Stanley lowered their price target on NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a report on Wednesday, August 8th. Finally, Barclays began coverage on NextEra Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $182.00 price target on the stock. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $170.64.

NEE stock traded up $2.34 during midday trading on Friday, hitting $173.91. 82,116 shares of the company traded hands, compared to its average volume of 1,976,797. NextEra Energy Inc has a twelve month low of $145.10 and a twelve month high of $175.66. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 0.78. The company has a market cap of $80.56 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.62 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $2.11 EPS for the quarter, beating the consensus estimate of $2.06 by $0.05. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.51 billion. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.86 earnings per share. As a group, equities analysts expect that NextEra Energy Inc will post 7.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a $1.11 dividend. The ex-dividend date is Thursday, November 29th. This represents a $4.44 annualized dividend and a dividend yield of 2.55%. NextEra Energy’s payout ratio is 66.27%.

In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $167.00, for a total value of $267,200.00. Following the sale, the director now owns 21,300 shares in the company, valued at $3,557,100. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 10,734 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the completion of the sale, the chief executive officer now owns 64,169 shares in the company, valued at approximately $10,971,615.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,024 shares of company stock worth $12,742,375. 0.55% of the stock is currently owned by corporate insiders.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Further Reading: How Short Selling Works

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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