Aventail Capital Group LP Lowers Stake in NextEra Energy, Inc. $NEE

Aventail Capital Group LP cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 59.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 319,071 shares of the utilities provider’s stock after selling 459,151 shares during the quarter. NextEra Energy comprises approximately 1.1% of Aventail Capital Group LP’s portfolio, making the stock its 27th largest holding. Aventail Capital Group LP’s holdings in NextEra Energy were worth $24,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy during the second quarter worth about $25,000. Tripletail Wealth Management LLC purchased a new stake in NextEra Energy during the 3rd quarter valued at approximately $25,000. Howard Hughes Medical Institute purchased a new stake in NextEra Energy during the 2nd quarter valued at approximately $31,000. Rexford Capital Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $34,000. Finally, Abound Wealth Management lifted its position in NextEra Energy by 108.2% during the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 237 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. UBS Group boosted their target price on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 5th. HSBC increased their price target on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Morgan Stanley restated an “overweight” rating and set a $106.00 price objective on shares of NextEra Energy in a research report on Friday, February 20th. Finally, Barclays raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.16.

NextEra Energy Stock Up 1.2%

NEE opened at $92.81 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The business has a 50 day simple moving average of $88.42 and a 200-day simple moving average of $82.89. The stock has a market capitalization of $193.38 billion, a P/E ratio of 28.21 and a beta of 0.76. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is presently 75.68%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president owned 9,643 shares in the company, valued at $867,870. This trade represents a 65.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $15,073,290. This trade represents a 15.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 185,882 shares of company stock worth $16,616,757. Company insiders own 0.20% of the company’s stock.

NextEra Energy Profile

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.