Sound Income Strategies LLC Reduces Position in NextEra Energy, Inc. $NEE

Sound Income Strategies LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 37.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,614 shares of the utilities provider’s stock after selling 13,285 shares during the period. Sound Income Strategies LLC’s holdings in NextEra Energy were worth $1,893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NEE. Princeton Global Asset Management LLC grew its position in shares of NextEra Energy by 0.3% in the third quarter. Princeton Global Asset Management LLC now owns 48,300 shares of the utilities provider’s stock valued at $3,646,000 after purchasing an additional 134 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after buying an additional 136 shares in the last quarter. Veltria Advisors Corp. grew its stake in NextEra Energy by 4.8% during the second quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock valued at $210,000 after acquiring an additional 139 shares in the last quarter. Pine Haven Investment Counsel Inc grew its stake in NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 140 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its stake in NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after purchasing an additional 142 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 1.6%

Shares of NYSE:NEE opened at $79.58 on Monday. The stock has a market capitalization of $165.73 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74. The stock’s 50-day moving average price is $83.43 and its 200-day moving average price is $77.05. 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, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were given a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s payout ratio is presently 72.29%.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the business’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 transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% 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 Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. The trade was a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 157,322 shares of company stock worth $13,148,943. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NEE. New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Mizuho lifted their price target on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Evercore ISI restated an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. Finally, Morgan Stanley decreased their price target on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $91.56.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.