NextEra Energy, Inc. $NEE Stock Position Cut by Flputnam Investment Management Co.

Flputnam Investment Management Co. trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 367,879 shares of the utilities provider’s stock after selling 7,249 shares during the period. Flputnam Investment Management Co.’s holdings in NextEra Energy were worth $27,771,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Activest Wealth Management increased its stake in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new stake in NextEra Energy in the second quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new position in NextEra Energy during the 2nd quarter valued at $25,000. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter valued at $26,000. Finally, Quaker Wealth Management LLC increased its position in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on NEE. Barclays set a $88.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Cowen initiated coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Evercore ISI reissued an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a report on Tuesday, October 28th. Mizuho lifted their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 target price (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.56.

NextEra Energy Trading Down 1.6%

NYSE:NEE opened at $79.58 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The firm has a market capitalization of $165.73 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.67 and a beta of 0.74. The stock has a fifty day simple moving average of $83.43 and a 200 day simple moving average of $77.00.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is 72.29%.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 157,322 shares of company stock worth $13,148,943. 0.20% of the stock is owned by corporate insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.