Sunpointe LLC Has $643,000 Holdings in NextEra Energy, Inc. $NEE

Sunpointe LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 61.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,514 shares of the utilities provider’s stock after selling 13,351 shares during the period. Sunpointe LLC’s holdings in NextEra Energy were worth $643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in NextEra Energy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock valued at $16,139,726,000 after purchasing an additional 922,500 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NextEra Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after buying an additional 526,996 shares during the last quarter. Norges Bank bought a new stake in shares of NextEra Energy during the 2nd quarter worth about $2,375,545,000. Charles Schwab Investment Management Inc. lifted its position in NextEra Energy by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after acquiring an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of NextEra Energy by 2.6% during the second quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after acquiring an additional 408,198 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the transaction, the chief executive officer owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred on 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 sale, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,049 shares of company stock worth $14,194,542 in the last ninety days. 0.20% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $91.05 on Friday. The firm has a 50 day moving average of $87.06 and a 200-day moving average of $82.17. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $189.70 billion, a PE ratio of 27.67 and a beta of 0.76.

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

NextEra Energy Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NEE shares. BTIG Research reiterated a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research note on Wednesday, January 28th. UBS Group upped their price objective on NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley reiterated an “overweight” rating and set a $106.00 price objective on shares of NextEra Energy in a research report on Friday, February 20th. Weiss Ratings downgraded NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price target 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.16.

NextEra Energy Company 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.