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

ICW Investment Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,014 shares of the utilities provider’s stock after selling 466 shares during the quarter. ICW Investment Advisors LLC’s holdings in NextEra Energy were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $2,561,055,000. Nordea Investment Management AB grew its stake in shares of NextEra Energy by 22.3% in the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after purchasing an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of NextEra Energy by 10.5% during the fourth quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after purchasing an additional 629,032 shares during the period. Principal Financial Group Inc. raised its stake in shares of NextEra Energy by 7.2% during the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after purchasing an additional 409,708 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.5 %

Shares of NEE traded up $0.38 during midday trading on Friday, hitting $80.71. The stock had a trading volume of 1,074,669 shares, compared to its average volume of 10,962,194. The business has a 50-day simple moving average of $75.95 and a two-hundred day simple moving average of $70.14. The firm has a market cap of $165.82 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $82.14.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 24.45% and a return on equity of 11.75%. During the same quarter last year, the business posted $0.88 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.55%. NextEra Energy’s payout ratio is presently 56.13%.

Insider Activity

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

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research note on Wednesday, June 12th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Morgan Stanley upped their target price on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Barclays boosted their price objective on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company 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.