Bahl & Gaynor Inc. Sells 88,124 Shares of NextEra Energy, Inc. $NEE

Bahl & Gaynor Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,665,303 shares of the utilities provider’s stock after selling 88,124 shares during the period. NextEra Energy makes up approximately 2.0% of Bahl & Gaynor Inc.’s portfolio, making the stock its 11th biggest position. Bahl & Gaynor Inc. owned approximately 0.28% of NextEra Energy worth $393,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Brighton Jones LLC grew its position in 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 purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of NextEra Energy during the first quarter valued at about $757,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the first quarter worth about $35,000. Finally, One Wealth Advisors LLC raised its holdings in shares of NextEra Energy by 37.2% in the 1st quarter. One Wealth Advisors LLC now owns 4,081 shares of the utilities provider’s stock worth $289,000 after acquiring an additional 1,106 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $83.41 on Friday. The stock has a 50 day moving average of $80.87 and a 200 day moving average of $75.21. The company has a market capitalization of $173.71 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. 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, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

Insider Activity at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were 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 owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 168,168 shares of company stock worth $13,917,670. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. New Street Research set a $84.00 price target on NextEra Energy in a report on Monday, October 13th. Cowen assumed coverage on NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Mizuho lifted their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.53.

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.