NextEra Energy, Inc. $NEE Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,835 shares of the utilities provider’s stock after selling 2,875 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in NextEra Energy were worth $2,210,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC lifted its stake in shares of NextEra Energy by 58.4% in the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in NextEra Energy by 20.7% in 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 in the last quarter. Amundi increased its holdings in NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after buying an additional 2,657,438 shares during the last quarter. Vanguard Group Inc. increased its holdings in NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares during the last quarter. Finally, Boston Partners raised its stake in NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after buying an additional 1,886,999 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 2.5%

NEE stock opened at $80.12 on Monday. The firm’s 50-day moving average is $72.99 and its two-hundred day moving average is $71.28. The company has a market capitalization of $164.98 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) 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 firm posted $0.96 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s payout ratio is 79.02%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,369 shares of company stock worth $1,539,610. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NEE has been the subject of several research reports. HSBC decreased their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Mizuho set a $78.00 target price on shares of NextEra Energy in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $84.08.

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.