NORTHSTAR ASSET MANAGEMENT Co Decreases Stake in NextEra Energy, Inc. $NEE

NORTHSTAR ASSET MANAGEMENT Co reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,061 shares of the utilities provider’s stock after selling 1,360 shares during the period. NORTHSTAR ASSET MANAGEMENT Co’s holdings in NextEra Energy were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. Northern Trust Corp raised its stake in NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after purchasing an additional 262,819 shares during the period. Goldman Sachs Group Inc. raised its stake in NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after purchasing an additional 1,336,259 shares during the period. GQG Partners LLC raised its stake in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. HSBC reduced their target price 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. BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley reiterated an “overweight” rating and set a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Finally, Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four 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 price target of $88.38.

Insider Activity

In related news, EVP Robert Coffey sold 7,500 shares of the firm’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 completion of the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president 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 30,528 shares of company stock worth $2,277,773 over the last quarter. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 1.4%

Shares of NEE stock opened at $84.42 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market capitalization of $173.85 billion, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66. The company has a 50 day moving average price of $76.64 and a 200 day moving average price of $72.78. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.74.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 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.