Oliver Lagore Vanvalin Investment Group Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Oliver Lagore Vanvalin Investment Group lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 18.3% during the second quarter, HoldingsChannel.com reports. The fund owned 21,524 shares of the utilities provider’s stock after selling 4,822 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in NextEra Energy were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Intech Investment Management LLC grew its stake in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares in the last quarter. Ancora Advisors LLC grew its position in NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after acquiring an additional 7,677 shares in the last quarter. Raymond James & Associates raised its stake in shares of NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the period. Holderness Investments Co. lifted its position in shares of NextEra Energy by 139.0% during the fourth quarter. Holderness Investments Co. now owns 11,376 shares of the utilities provider’s stock worth $691,000 after purchasing an additional 6,617 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of NextEra Energy by 8.5% in the fourth quarter. State of Tennessee Treasury Department now owns 742,361 shares of the utilities provider’s stock valued at $45,091,000 after purchasing an additional 57,910 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NEE. Bank of America lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Barclays upped their target price on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Finally, Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.07.

NextEra Energy Stock Up 1.3 %

Shares of NextEra Energy stock opened at $84.53 on Friday. The stock has a market capitalization of $173.67 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 3.08 and a beta of 0.56. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $85.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $79.62 and its 200-day simple moving average is $73.18.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the business posted $0.88 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.44%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by company insiders.

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.