Beck Bode LLC Sells 11,202 Shares of NextEra Energy, Inc. (NYSE:NEE)

Beck Bode LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,488 shares of the utilities provider’s stock after selling 11,202 shares during the period. NextEra Energy comprises about 2.4% of Beck Bode LLC’s investment portfolio, making the stock its 19th largest position. Beck Bode LLC’s holdings in NextEra Energy were worth $12,143,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Proffitt & Goodson Inc. lifted its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Clear Investment Research LLC raised its holdings in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $33,000. American Capital Advisory LLC lifted its position in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares during the period. Finally, Family Firm Inc. bought a new stake in NextEra Energy in the second quarter valued at $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

NYSE:NEE opened at $84.97 on Wednesday. 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 firm has a market cap of $174.57 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $85.56. The firm’s 50-day simple moving average is $77.82 and its 200 day simple moving average is $71.87.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the business earned $0.88 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley lifted their price objective on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Royal Bank of Canada increased their price target 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. Finally, Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus 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.