NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,800 shares of the utilities provider’s stock after selling 11,600 shares during the quarter. Cornerstone Advisors LLC’s holdings in NextEra Energy were worth $6,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Proffitt & Goodson Inc. boosted its holdings in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Clear Investment Research LLC boosted its holdings in NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares during the last quarter. American Capital Advisory LLC boosted its holdings in NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in NextEra Energy in the second quarter valued at $33,000. Finally, Neo Ivy Capital Management acquired a new position in NextEra Energy in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.4 %

Shares of NYSE NEE opened at $84.65 on Monday. 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 firm 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 1 year low of $47.15 and a 1 year high of $84.73. The stock’s 50-day simple moving average is $77.31 and its 200-day simple moving average is $71.45.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the previous year, the company earned $0.88 earnings per share. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NEE shares. Morgan Stanley lifted their target price on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Evercore ISI raised their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. BMO Capital Markets raised their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.50.

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.