NextEra Energy, Inc. (NYSE:NEE) Position Reduced by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,565 shares of the utilities provider’s stock after selling 36,154 shares during the quarter. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $10,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sageworth Trust Co lifted its holdings in NextEra Energy by 1,794.1% in the 1st quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 305 shares during the last quarter. Your Advocates Ltd. LLP bought a new stake in shares of NextEra Energy in the 1st quarter worth approximately $31,000. Magellan Asset Management Ltd bought a new stake in shares of NextEra Energy in the 1st quarter worth approximately $32,000. Ahrens Investment Partners LLC acquired a new stake in NextEra Energy during the first quarter valued at approximately $35,000. Finally, Portland Hill Asset Management Ltd bought a new stake in NextEra Energy during the fourth quarter worth approximately $39,000. 76.48% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, Director Kirk S. Hachigian bought 10,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of $67.95 per share, with a total value of $679,500.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $1,019,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NextEra Energy news, Director James Lawrence Camaren acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at approximately $542,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kirk S. Hachigian acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $67.95 per share, with a total value of $679,500.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $1,019,250. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NEE has been the subject of several research reports. The Goldman Sachs Group started coverage on NextEra Energy in a research note on Wednesday, June 7th. They set a “buy” rating and a $90.00 price objective for the company. Morgan Stanley cut their price objective on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. StockNews.com assumed coverage on shares of NextEra Energy in a report on Thursday, August 17th. They issued a “hold” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, August 30th. Finally, Guggenheim cut their target price on shares of NextEra Energy from $92.00 to $86.00 in a research note on Friday, July 7th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $87.90.

NextEra Energy Stock Up 0.7 %

NYSE:NEE traded up $0.51 during mid-day trading on Thursday, reaching $68.94. The stock had a trading volume of 2,072,565 shares, compared to its average volume of 8,125,587. The stock has a market cap of $139.51 billion, a P/E ratio of 16.94, a PEG ratio of 2.54 and a beta of 0.47. The business’s 50 day moving average is $70.05 and its 200 day moving average is $73.47. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.53 and a quick ratio of 0.45. NextEra Energy, Inc. has a fifty-two week low of $65.36 and a fifty-two week high of $88.61.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the business posted $0.81 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.11 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th will be given a $0.4675 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.71%. NextEra Energy’s dividend payout ratio is currently 46.29%.

NextEra Energy Company 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.