NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Brick & Kyle Associates

Brick & Kyle Associates lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,413 shares of the utilities provider’s stock after selling 1,333 shares during the quarter. NextEra Energy makes up approximately 1.9% of Brick & Kyle Associates’ holdings, making the stock its 22nd largest position. Brick & Kyle Associates’ holdings in NextEra Energy were worth $4,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Proffitt & Goodson Inc. raised its stake in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares in the last quarter. American Capital Advisory LLC lifted its stake in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 205 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy in the second quarter valued at approximately $33,000. Finally, Neo Ivy Capital Management acquired a new position in shares of NextEra Energy during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Evercore ISI lifted their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Morgan Stanley upped their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets increased their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.07.

NextEra Energy Price Performance

NEE opened at $84.53 on Friday. The firm has a market capitalization of $173.67 billion, a P/E ratio of 23.03, a PEG ratio of 3.08 and a beta of 0.56. The stock has a fifty day moving average of $79.62 and a 200-day moving average of $73.18. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $85.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (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 firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the business earned $0.88 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is presently 56.13%.

Insider Buying and Selling at NextEra Energy

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

NextEra Energy Profile

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.