Benjamin Edwards Inc. Sells 1,447 Shares of NextEra Energy, Inc. (NYSE:NEE)

Benjamin Edwards Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,491 shares of the utilities provider’s stock after selling 1,447 shares during the quarter. NextEra Energy makes up approximately 0.8% of Benjamin Edwards Inc.’s portfolio, making the stock its 25th largest holding. Benjamin Edwards Inc.’s holdings in NextEra Energy were worth $3,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. M&G Plc bought a new position in NextEra Energy during the first quarter valued at approximately $303,065,000. Zimmer Partners LP raised its position in NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after acquiring an additional 2,703,200 shares in the last quarter. State of Michigan Retirement System raised its position in NextEra Energy by 400.7% during the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after acquiring an additional 2,250,500 shares in the last quarter. Raymond James & Associates grew its holdings in 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 last quarter. Finally, Capital World Investors acquired a new position in NextEra Energy during the fourth quarter valued at approximately $114,953,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Wednesday, June 12th. Morgan Stanley increased their price target on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Barclays increased their price target on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a report on Friday, August 16th. Finally, Evercore ISI increased their price target on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.87.

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 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 of the company’s stock, valued at $7,697. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 2.4 %

NEE opened at $82.29 on Friday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $85.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm’s fifty day moving average price is $78.20 and its two-hundred day moving average price is $72.02. The company has a market capitalization of $169.07 billion, a P/E ratio of 22.42, a P/E/G ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping 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 in the previous year, the company earned $0.88 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS 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 2.50%. NextEra Energy’s dividend payout ratio is currently 56.13%.

NextEra Energy Company 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.