NextEra Energy, Inc. $NEE Shares Sold by Avalon Trust Co

Avalon Trust Co lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 67.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,954 shares of the utilities provider’s stock after selling 16,709 shares during the period. Avalon Trust Co’s holdings in NextEra Energy were worth $552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in NextEra Energy by 71.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,410 shares of the utilities provider’s stock valued at $384,000 after acquiring an additional 2,246 shares during the period. Wealthfront Advisers LLC boosted its position in shares of NextEra Energy by 4.8% during the 1st quarter. Wealthfront Advisers LLC now owns 211,992 shares of the utilities provider’s stock worth $15,028,000 after purchasing an additional 9,733 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of NextEra Energy by 11.3% during the 1st quarter. Larson Financial Group LLC now owns 13,895 shares of the utilities provider’s stock worth $985,000 after purchasing an additional 1,416 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $85.88 on Thursday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The firm has a market cap of $178.84 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. The company’s 50-day moving average is $78.98 and its two-hundred day moving average is $74.40. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

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

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given 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 dividend yield of 2.6%. NextEra Energy’s payout ratio is currently 71.97%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen initiated coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. Argus set a $90.00 price target on shares of NextEra Energy in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Finally, Citigroup reiterated a “buy” rating and set a $96.00 target price (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was 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 directly owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 23,028 shares of company stock worth $1,738,973. 0.18% of the stock is currently owned by insiders.

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.