Hyman Charles D Decreases Stake in NextEra Energy, Inc. (NYSE:NEE)

Hyman Charles D reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,688 shares of the utilities provider’s stock after selling 1,220 shares during the quarter. Hyman Charles D’s holdings in NextEra Energy were worth $3,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. St. Johns Investment Management Company LLC grew its stake in shares of NextEra Energy by 2.0% in the second quarter. St. Johns Investment Management Company LLC now owns 11,226 shares of the utilities provider’s stock worth $795,000 after acquiring an additional 221 shares during the period. Bailard Inc. grew its position in NextEra Energy by 2.8% in the 2nd quarter. Bailard Inc. now owns 68,822 shares of the utilities provider’s stock worth $4,873,000 after purchasing an additional 1,877 shares during the period. Verdence Capital Advisors LLC raised its stake in NextEra Energy by 8.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 30,618 shares of the utilities provider’s stock valued at $2,168,000 after buying an additional 2,473 shares during the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of NextEra Energy by 5.9% during the 2nd quarter. Catalyst Financial Partners LLC now owns 11,581 shares of the utilities provider’s stock valued at $820,000 after buying an additional 646 shares during the period. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of NextEra Energy by 560.7% in the second quarter. Catalyst Capital Advisors LLC now owns 1,612 shares of the utilities provider’s stock worth $114,000 after acquiring an additional 1,368 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. BMO Capital Markets upped their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Citigroup boosted their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday, June 12th. Finally, Scotiabank lifted their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.00.

NextEra Energy Price Performance

NEE stock traded up $0.98 during trading on Monday, hitting $80.64. 5,288,575 shares of the company’s stock traded hands, compared to its average volume of 11,197,393. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $81.07. The stock has a market capitalization of $165.68 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 2.84 and a beta of 0.54. The business has a fifty day simple moving average of $74.72 and a 200 day simple moving average of $69.01. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business posted $0.88 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.