NextEra Energy, Inc. (NYSE:NEE) Position Trimmed by Slocum Gordon & Co LLP

Slocum Gordon & Co LLP lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,973 shares of the utilities provider’s stock after selling 1,390 shares during the period. NextEra Energy makes up about 5.7% of Slocum Gordon & Co LLP’s portfolio, making the stock its 4th biggest position. Slocum Gordon & Co LLP’s holdings in NextEra Energy were worth $7,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in NextEra Energy by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 595,011 shares of the utilities provider’s stock valued at $42,133,000 after acquiring an additional 6,240 shares during the period. Denver PWM LLC acquired a new stake in NextEra Energy during the 2nd quarter valued at approximately $96,000. BBR Partners LLC lifted its stake in NextEra Energy by 3.9% during the 2nd quarter. BBR Partners LLC now owns 12,320 shares of the utilities provider’s stock valued at $872,000 after acquiring an additional 461 shares during the period. Horizon Investment Services LLC lifted its stake in NextEra Energy by 395.3% during the 2nd quarter. Horizon Investment Services LLC now owns 33,913 shares of the utilities provider’s stock valued at $2,401,000 after acquiring an additional 27,066 shares during the period. Finally, CapWealth Advisors LLC lifted its stake in NextEra Energy by 196.6% during the 2nd quarter. CapWealth Advisors LLC now owns 44,038 shares of the utilities provider’s stock valued at $3,118,000 after acquiring an additional 29,192 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $80.84 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a fifty day moving average of $75.95 and a two-hundred day moving average of $70.14. The stock has a market capitalization of $166.09 billion, a PE ratio of 21.89, a P/E/G ratio of 2.92 and a beta of 0.54. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $82.14.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NEE shares. Morgan Stanley boosted their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Royal Bank of Canada boosted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Barclays boosted their target price on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $81.50.

NextEra Energy 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.