NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Osher Van de Voorde Investment Management

Osher Van de Voorde Investment Management trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,155 shares of the utilities provider’s stock after selling 1,345 shares during the period. NextEra Energy makes up about 4.1% of Osher Van de Voorde Investment Management’s portfolio, making the stock its 13th biggest position. Osher Van de Voorde Investment Management’s holdings in NextEra Energy were worth $19,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Legal & General Group Plc lifted its stake in NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after acquiring an additional 143,748 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in NextEra Energy by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after acquiring an additional 691,341 shares during the period. Nordea Investment Management AB lifted its stake in NextEra Energy by 22.3% during the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after acquiring an additional 1,268,900 shares during the period. Principal Financial Group Inc. increased its holdings in shares of NextEra Energy by 7.2% during the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after purchasing an additional 409,708 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in shares of NextEra Energy by 6.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock valued at $423,568,000 after purchasing an additional 388,149 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.3 %

NYSE NEE opened at $80.50 on Wednesday. The firm’s 50-day moving average is $80.98 and its two-hundred day moving average is $74.51. NextEra Energy, Inc. has a 12 month low of $48.38 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a market capitalization of $165.39 billion, a P/E ratio of 21.93, a PEG ratio of 3.08 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.56%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NEE. Morgan Stanley lifted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Barclays lifted their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Finally, Evercore ISI boosted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $83.07.

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.