NextEra Energy, Inc. $NEE Shares Sold by Financial & Tax Architects LLC

Financial & Tax Architects LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,313 shares of the utilities provider’s stock after selling 7,182 shares during the quarter. NextEra Energy comprises about 1.7% of Financial & Tax Architects LLC’s portfolio, making the stock its 19th largest holding. Financial & Tax Architects LLC’s holdings in NextEra Energy were worth $7,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its stake in shares of NextEra Energy by 1,765.3% during the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after buying an additional 3,755,563 shares during the period. Danica Pension Livsforsikringsaktieselskab purchased a new position in NextEra Energy in the 3rd quarter worth $177,198,000. Amundi raised its stake in NextEra Energy by 16.7% in the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after acquiring an additional 1,780,881 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in NextEra Energy by 181.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after acquiring an additional 1,410,200 shares during the period. Finally, Danske Bank A S purchased a new position in shares of NextEra Energy in the third quarter worth about $88,262,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. This trade represents a 65.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 190,816 shares of company stock worth $17,075,619 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NYSE:NEE opened at $93.22 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The company has a 50 day moving average price of $91.35 and a 200-day moving average price of $85.14. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The firm has a market cap of $194.23 billion, a price-to-earnings ratio of 28.33 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business earned $0.53 earnings per share. The firm’s revenue was up 20.7% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 75.68%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NEE shares. Weiss Ratings lowered NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. The Goldman Sachs Group lifted their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $106.00 price objective on shares of NextEra Energy in a report on Friday, February 20th. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, UBS Group raised their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.72.

About NextEra Energy

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.