NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,535 shares of the utilities provider’s stock after selling 392 shares during the period. Armstrong Fleming & Moore Inc’s holdings in NextEra Energy were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in shares of NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after purchasing an additional 143,748 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in NextEra Energy by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock worth $579,097,000 after acquiring an additional 691,341 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of NextEra Energy by 22.3% in the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after purchasing an additional 1,268,900 shares in the last quarter. Principal Financial Group Inc. grew its stake in NextEra Energy by 7.2% in the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after purchasing an additional 409,708 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in NextEra Energy by 6.9% in the second quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock valued at $423,568,000 after buying an additional 388,149 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Citigroup boosted their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $83.07.

NextEra Energy Stock Up 0.1 %

Shares of NYSE NEE traded up $0.06 during trading hours on Thursday, hitting $84.45. The stock had a trading volume of 2,281,925 shares, compared to its average volume of 10,779,718. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market capitalization of $173.51 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. The firm’s 50-day moving average price is $81.55 and its two-hundred day moving average price is $75.23.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company posted $0.88 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

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.