GWN Securities Inc. Sells 16,129 Shares of NextEra Energy, Inc. $NEE

GWN Securities Inc. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 53.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,977 shares of the utilities provider’s stock after selling 16,129 shares during the quarter. GWN Securities Inc.’s holdings in NextEra Energy were worth $1,056,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its position in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC boosted its stake in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after purchasing an additional 3,479 shares during the last quarter. First Hawaiian Bank grew its position in shares of NextEra Energy by 34.7% during the 1st quarter. First Hawaiian Bank now owns 6,078 shares of the utilities provider’s stock worth $431,000 after buying an additional 1,566 shares during the period. Finally, Apella Capital LLC raised its stake in shares of NextEra Energy by 2.4% during the second quarter. Apella Capital LLC now owns 7,735 shares of the utilities provider’s stock worth $578,000 after buying an additional 178 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction 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. This represents a 47.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NEE. BMO Capital Markets reaffirmed an “outperform” rating and issued a $89.00 price objective (down from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. Argus set a $90.00 price target on NextEra Energy in a research report on Wednesday, October 29th. Barclays set a $88.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Finally, Cowen started coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.72.

NextEra Energy Stock Up 0.7%

NYSE:NEE opened at $81.67 on Wednesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The stock has a 50-day moving average price of $82.32 and a two-hundred day moving average price of $78.04. The stock has a market cap of $170.09 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 2.51 and a beta of 0.74. 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 issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the previous year, the firm earned $1.03 EPS. NextEra Energy’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts expect 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 was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

NextEra Energy 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.