Sowell Financial Services LLC Sells 9,947 Shares of NextEra Energy, Inc. $NEE

Sowell Financial Services LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 25.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,470 shares of the utilities provider’s stock after selling 9,947 shares during the quarter. Sowell Financial Services LLC’s holdings in NextEra Energy were worth $2,046,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. GQG Partners LLC raised its position in shares of NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. Amundi raised its position in shares of NextEra Energy by 27.8% in the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after acquiring an additional 2,657,438 shares during the period. GAMMA Investing LLC raised its position in shares of NextEra Energy by 8,456.8% in the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider’s stock valued at $174,286,000 after acquiring an additional 2,429,804 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $72.31 on Tuesday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a fifty day simple moving average of $72.71 and a 200 day simple moving average of $71.07. The stock has a market capitalization of $148.91 billion, a PE ratio of 25.28, a P/E/G ratio of 2.45 and a beta of 0.65.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the business earned $0.96 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is 79.37%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares of the company’s stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Friday, September 12th. The stock was sold at an average price of $71.90, for a total transaction of $60,827.40. Following the transaction, the executive vice president directly owned 10,113 shares of the company’s stock, valued at approximately $727,124.70. This trade represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,523 shares of company stock valued at $1,476,245. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Mizuho set a $78.00 target price on shares of NextEra Energy in a report on Thursday, August 21st. Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price on the stock. BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

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.