Bridges Investment Management Inc. Sells 1,387 Shares of NextEra Energy, Inc. $NEE

Bridges Investment Management Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,652 shares of the utilities provider’s stock after selling 1,387 shares during the period. Bridges Investment Management Inc.’s holdings in NextEra Energy were worth $1,711,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Arkfeld Wealth Strategies L.L.C. raised its holdings in NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 136 shares during the period. Pine Haven Investment Counsel Inc raised its holdings in NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after buying an additional 140 shares during the period. McKinley Carter Wealth Services Inc. raised its holdings in NextEra Energy by 0.4% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after buying an additional 142 shares during the period. Tradition Wealth Management LLC raised its holdings in NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after buying an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV raised its holdings in NextEra Energy by 1.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after buying an additional 145 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock valued at $2,446,490 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NEE. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. TD Cowen started coverage on NextEra Energy in a research note on Thursday. They issued a “buy” rating and a $98.00 target price on the stock. JPMorgan Chase & Co. increased their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Finally, Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.40.

NextEra Energy Price Performance

NEE opened at $85.00 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.74. 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 business’s fifty day simple moving average is $75.30 and its 200-day simple moving average is $72.13. The company has a market capitalization of $175.04 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 2.90 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.37%.

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.