Philadelphia Trust Co. Decreases Stake in NextEra Energy, Inc. (NYSE:NEE)

Philadelphia Trust Co. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,820 shares of the utilities provider’s stock after selling 318 shares during the period. Philadelphia Trust Co.’s holdings in NextEra Energy were worth $217,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of NextEra Energy by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 34,484,037 shares of the utilities provider’s stock worth $2,876,743,000 after buying an additional 1,088,358 shares during the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $2,774,845,000. Moneta Group Investment Advisors LLC grew its position in shares of NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after buying an additional 30,218,452 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of NextEra Energy by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock worth $1,538,947,000 after buying an additional 315,356 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of NextEra Energy by 7.0% in the 4th quarter. Deutsche Bank AG now owns 13,532,957 shares of the utilities provider’s stock worth $1,131,355,000 after buying an additional 882,316 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEE has been the topic of several research reports. Morgan Stanley dropped their price target on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Guggenheim dropped their price target on NextEra Energy from $92.00 to $86.00 in a research report on Friday, July 7th. The Goldman Sachs Group initiated coverage on NextEra Energy in a research report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, StockNews.com initiated coverage on NextEra Energy in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.64.

NextEra Energy Stock Up 0.1 %

NYSE:NEE traded up $0.07 during trading hours on Friday, reaching $66.87. 8,296,631 shares of the company traded hands, compared to its average volume of 8,140,189. The business’s 50-day moving average price is $71.06 and its two-hundred day moving average price is $73.88. The stock has a market capitalization of $135.33 billion, a P/E ratio of 16.55, a P/E/G ratio of 2.61 and a beta of 0.46. NextEra Energy, Inc. has a 1 year low of $66.45 and a 1 year high of $91.06. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.14.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. The firm had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.11 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be paid a $0.4675 dividend. This represents a $1.87 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, August 29th. NextEra Energy’s dividend payout ratio is currently 46.29%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Director Kirk S. Hachigian purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at $1,019,250. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Robert Coffey sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $74.90, for a total transaction of $299,600.00. Following the completion of the sale, the executive vice president now owns 11,292 shares in the company, valued at $845,770.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kirk S. Hachigian acquired 10,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $67.95 per share, with a total value of $679,500.00. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The disclosure for this purchase can be found here. Insiders acquired 27,600 shares of company stock worth $1,960,836 over the last quarter. 0.38% of the stock is currently owned by insiders.

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, coal, and natural gas facilities. 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.