GW Henssler & Associates Ltd. Has $243,000 Stake in NextEra Energy, Inc. $NEE

GW Henssler & Associates Ltd. trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,424 shares of the utilities provider’s stock after selling 264 shares during the period. GW Henssler & Associates Ltd.’s holdings in NextEra Energy were worth $243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of NextEra Energy during the first quarter worth $35,000. Copia Wealth Management acquired a new stake in NextEra Energy in the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC increased its stake in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after buying an additional 366 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in NextEra Energy in the 1st quarter valued at $40,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in NextEra Energy by 543.3% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 579 shares of the utilities provider’s stock valued at $41,000 after buying an additional 489 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Mizuho set a $78.00 price objective on shares of NextEra Energy in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.00.

NextEra Energy Stock Down 0.1%

Shares of NEE opened at $72.03 on Tuesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a market cap of $148.34 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 2.48 and a beta of 0.65. The firm’s 50-day simple moving average is $73.23 and its 200 day simple moving average is $71.00. 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 announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the business earned $0.96 EPS. NextEra Energy’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. NextEra Energy’s dividend payout ratio is 79.37%.

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.