NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Sepio Capital LP

Sepio Capital LP cut its position in NextEra Energy, Inc. (NYSE:NEE) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,464 shares of the utilities provider’s stock after selling 482 shares during the period. Sepio Capital LP’s holdings in NextEra Energy were worth $812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in NEE. Aveo Capital Partners LLC boosted its stake in shares of NextEra Energy by 17.7% in the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after acquiring an additional 1,206 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of NextEra Energy by 49.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after acquiring an additional 4,046 shares during the last quarter. Evoke Wealth LLC boosted its stake in shares of NextEra Energy by 7.6% in the fourth quarter. Evoke Wealth LLC now owns 11,476 shares of the utilities provider’s stock worth $697,000 after acquiring an additional 814 shares during the last quarter. Bank of Nova Scotia boosted its stake in NextEra Energy by 11.5% during the fourth quarter. Bank of Nova Scotia now owns 532,918 shares of the utilities provider’s stock worth $32,369,000 after buying an additional 54,753 shares during the last quarter. Finally, Tradition Wealth Management LLC boosted its stake in NextEra Energy by 15.8% during the fourth quarter. Tradition Wealth Management LLC now owns 5,870 shares of the utilities provider’s stock worth $357,000 after buying an additional 799 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NEE stock opened at $84.54 on Friday. 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 company has a market capitalization of $173.69 billion, a PE ratio of 23.04, a P/E/G ratio of 3.08 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $85.56. The business’s fifty day moving average price is $79.62 and its 200 day moving average price is $73.29.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the previous year, the business earned $0.88 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

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

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was 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 in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Scotiabank boosted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Evercore ISI boosted their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. BMO Capital Markets boosted 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. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Citigroup boosted their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $82.07.

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.