ICA Group Wealth Management LLC Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

ICA Group Wealth Management LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 56.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,507 shares of the utilities provider’s stock after selling 1,932 shares during the period. ICA Group Wealth Management LLC’s holdings in NextEra Energy were worth $107,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NEE. Proffitt & Goodson Inc. boosted its position in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Clear Investment Research LLC boosted its holdings in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares in the last quarter. American Capital Advisory LLC grew its position in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy in the 2nd quarter worth about $33,000. Finally, Neo Ivy Capital Management purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $40,000. 78.72% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on 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 directly owns 100 shares of the company’s stock, valued at approximately $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Citigroup upped their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Evercore ISI upped their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Morgan Stanley lifted their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Stock Performance

NEE opened at $84.65 on Monday. The company’s 50 day moving average is $77.31 and its 200 day moving average is $71.45. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a market cap of $173.99 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $84.73.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter last year, the company posted $0.88 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

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,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.