NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Synergy Asset Management LLC

Synergy Asset Management LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,772 shares of the utilities provider’s stock after selling 929 shares during the quarter. Synergy Asset Management LLC’s holdings in NextEra Energy were worth $409,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in NextEra Energy by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 595,011 shares of the utilities provider’s stock worth $42,133,000 after purchasing an additional 6,240 shares during the period. Denver PWM LLC acquired a new position in NextEra Energy in the 2nd quarter worth approximately $96,000. BBR Partners LLC boosted its stake in NextEra Energy by 3.9% in the 2nd quarter. BBR Partners LLC now owns 12,320 shares of the utilities provider’s stock worth $872,000 after purchasing an additional 461 shares during the period. Horizon Investment Services LLC boosted its stake in NextEra Energy by 395.3% in the 2nd quarter. Horizon Investment Services LLC now owns 33,913 shares of the utilities provider’s stock worth $2,401,000 after purchasing an additional 27,066 shares during the period. Finally, CapWealth Advisors LLC boosted its stake in NextEra Energy by 196.6% in the 2nd quarter. CapWealth Advisors LLC now owns 44,038 shares of the utilities provider’s stock worth $3,118,000 after purchasing an additional 29,192 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.4 %

Shares of NEE stock traded up $0.32 on Friday, hitting $80.65. The company’s stock had a trading volume of 686,776 shares, compared to its average volume of 10,960,998. The stock has a market capitalization of $165.70 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.92 and a beta of 0.54. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm’s fifty day moving average price is $75.95 and its 200-day moving average price is $70.14.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate 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 firm posted $0.88 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.55%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Ratings Changes

A number of equities analysts recently commented on NEE shares. BMO Capital Markets raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays lifted their target price on shares of NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Citigroup lifted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Morgan Stanley lifted their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.50.

About NextEra Energy

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.