Westwood Holdings Group Inc. Reduces Stake in NextEra Energy, Inc. $NEE

Westwood Holdings Group Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,045,840 shares of the utilities provider’s stock after selling 246,086 shares during the period. Westwood Holdings Group Inc.’s holdings in NextEra Energy were worth $72,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of NEE. Activest Wealth Management raised its holdings in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at $25,000. Goodman Advisory Group LLC purchased a new stake in shares of NextEra Energy in the second quarter valued at $25,000. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy in the 1st quarter worth about $26,000. Finally, Quaker Wealth Management LLC boosted its stake in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 0.5%

Shares of NYSE NEE opened at $81.65 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The firm has a market capitalization of $170.05 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.75 and a beta of 0.74. The stock has a 50 day moving average price of $83.68 and a 200 day moving average price of $76.61. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio is 72.29%.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research report on Monday, October 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $89.00 target price (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings raised NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.72.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This represents a 47.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 157,322 shares of company stock valued at $13,148,943 over the last three months. 0.20% of the stock is owned by company 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,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.