Sienna Gestion Sells 1,952 Shares of NextEra Energy, Inc. (NYSE:NEE)

Sienna Gestion lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 26.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,470 shares of the utilities provider’s stock after selling 1,952 shares during the quarter. Sienna Gestion’s holdings in NextEra Energy were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Aveo Capital Partners LLC increased its position in shares of NextEra Energy by 17.7% during the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock valued at $488,000 after buying an additional 1,206 shares during the period. Gryphon Financial Partners LLC grew its holdings in shares of NextEra Energy by 49.7% during the 4th 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 period. TrinityPoint Wealth LLC raised its position in shares of NextEra Energy by 2.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock worth $1,269,000 after acquiring an additional 507 shares in the last quarter. InterOcean Capital Group LLC lifted its stake in shares of NextEra Energy by 3.7% in the 4th quarter. InterOcean Capital Group LLC now owns 8,256 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 294 shares during the period. Finally, Alpha Family Trust boosted its position in shares of NextEra Energy by 73.3% during the fourth quarter. Alpha Family Trust now owns 7,520 shares of the utilities provider’s stock valued at $457,000 after purchasing an additional 3,180 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the 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 transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.8 %

NextEra Energy stock opened at $84.28 on Thursday. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $85.56. The business’s fifty day moving average is $78.05 and its 200 day moving average is $71.95. The stock has a market capitalization of $173.16 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its quarterly 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 net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the firm posted $0.88 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

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

Analyst Ratings Changes

NEE has been the subject of a number of research reports. Scotiabank raised 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. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI upped their price objective 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. 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. Finally, Barclays upped their price target on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.50.

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.