Mn Services Vermogensbeheer B.V. Sells 18,500 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 810,928 shares of the utilities provider’s stock after selling 18,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in NextEra Energy were worth $57,422,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NEE. First Merchants Corp grew its holdings in NextEra Energy by 4.1% during the 2nd quarter. First Merchants Corp now owns 96,268 shares of the utilities provider’s stock worth $6,817,000 after acquiring an additional 3,820 shares during the period. Beacon Capital Management LLC grew its holdings in NextEra Energy by 522.4% during the 2nd quarter. Beacon Capital Management LLC now owns 1,693 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 1,421 shares during the period. Atlantic Union Bankshares Corp grew its holdings in NextEra Energy by 90.2% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 105,471 shares of the utilities provider’s stock worth $7,468,000 after acquiring an additional 50,032 shares during the period. McAdam LLC grew its holdings in NextEra Energy by 3.8% during the 2nd quarter. McAdam LLC now owns 4,135 shares of the utilities provider’s stock worth $293,000 after acquiring an additional 150 shares during the period. Finally, LRI Investments LLC grew its holdings in NextEra Energy by 138.7% during the 2nd quarter. LRI Investments LLC now owns 6,884 shares of the utilities provider’s stock worth $487,000 after acquiring an additional 4,000 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $0.74 during mid-day trading on Friday, hitting $79.66. 5,052,935 shares of the stock were exchanged, compared to its average volume of 11,233,079. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.56. The company has a 50-day simple moving average of $74.56 and a 200 day simple moving average of $68.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market capitalization of $163.66 billion, a P/E ratio of 21.71, a P/E/G ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the firm posted $0.88 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.59%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NEE shares. Morgan Stanley increased their price target on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup increased their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. BMO Capital Markets increased their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada raised their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Barclays raised their target price on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

About NextEra Energy

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.