Meitav Investment House Ltd. Lowers Stock Holdings in NextEra Energy, Inc. $NEE

Meitav Investment House Ltd. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 913,000 shares of the utilities provider’s stock after selling 11,241 shares during the period. NextEra Energy accounts for 0.9% of Meitav Investment House Ltd.’s holdings, making the stock its 26th biggest holding. Meitav Investment House Ltd.’s holdings in NextEra Energy were worth $68,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC increased its holdings in shares of NextEra Energy by 286.0% during the third quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after acquiring an additional 16,322 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of NextEra Energy by 6.5% during the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after buying an additional 2,767 shares during the period. Hunter Perkins Capital Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $3,966,000. Dillon & Associates Inc. raised its stake in NextEra Energy by 8.4% in the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after acquiring an additional 5,261 shares during the last quarter. Finally, Soltis Investment Advisors LLC raised its stake in NextEra Energy by 171.1% in the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 7,645 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.8%

NEE opened at $83.65 on Friday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53. The company has a 50-day moving average price of $82.32 and a 200 day moving average price of $78.23. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The company has a market cap of $174.21 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. The business 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%.The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. 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 72.29%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. New Street Research set a $84.00 price objective on NextEra Energy in a report on Monday, October 13th. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $89.00 price objective (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Finally, UBS Group set a $91.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.50.

Insider Activity at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is owned by company insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.