Centaurus Financial Inc. Lowers Stake in NextEra Energy, Inc. $NEE

Centaurus Financial Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 60.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,642 shares of the utilities provider’s stock after selling 27,314 shares during the period. Centaurus Financial Inc.’s holdings in NextEra Energy were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sax Wealth Advisors LLC increased its position in shares of NextEra Energy by 0.6% in the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 118 shares in the last quarter. apricus wealth LLC raised its stake in shares of NextEra Energy by 3.8% during the 3rd quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after buying an additional 120 shares during the period. Isthmus Partners LLC lifted its position in shares of NextEra Energy by 1.9% during the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after buying an additional 120 shares in the last quarter. Fingerlakes Wealth Management Inc. grew its stake in NextEra Energy by 0.8% in the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after acquiring an additional 124 shares during the period. Finally, Heritage Wealth Management Inc. grew its stake in NextEra Energy by 1.0% in the 3rd quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock valued at $930,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy News Summary

Here are the key news stories impacting NextEra Energy this week:

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. The trade was a 15.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the sale, the executive vice president directly owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This represents a 21.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 190,816 shares of company stock worth $17,075,619 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Up 1.6%

NEE stock opened at $92.40 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average of $89.39 and a two-hundred day moving average of $83.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. The company has a market cap of $192.51 billion, a price-to-earnings ratio of 28.08 and a beta of 0.76.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. NextEra Energy’s dividend payout ratio is presently 75.68%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NEE. HSBC boosted their price target on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Seaport Research Partners dropped their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. BMO Capital Markets set a $95.00 target price on shares of NextEra Energy in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $94.44.

Read Our Latest Stock Analysis on NextEra Energy

About NextEra Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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