Thomas Story & Son LLC Sells 200 Shares of NextEra Energy Inc (NYSE:NEE)

Thomas Story & Son LLC lessened its stake in NextEra Energy Inc (NYSE:NEE) by 16.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the utilities provider’s stock after selling 200 shares during the quarter. Thomas Story & Son LLC’s holdings in NextEra Energy were worth $233,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in NextEra Energy by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 356,876 shares of the utilities provider’s stock valued at $73,110,000 after buying an additional 18,979 shares in the last quarter. Atlantic Trust LLC grew its stake in NextEra Energy by 9.8% in the 2nd quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock valued at $2,576,000 after buying an additional 1,123 shares in the last quarter. LS Investment Advisors LLC grew its stake in NextEra Energy by 0.3% in the 3rd quarter. LS Investment Advisors LLC now owns 19,041 shares of the utilities provider’s stock valued at $4,436,000 after buying an additional 49 shares in the last quarter. Evercore Wealth Management LLC grew its stake in NextEra Energy by 8.3% in the 2nd quarter. Evercore Wealth Management LLC now owns 17,361 shares of the utilities provider’s stock valued at $3,557,000 after buying an additional 1,327 shares in the last quarter. Finally, Mirova grew its stake in NextEra Energy by 1,657.8% in the 2nd quarter. Mirova now owns 144,407 shares of the utilities provider’s stock valued at $29,583,000 after buying an additional 136,192 shares in the last quarter. 74.53% of the stock is currently owned by institutional investors.

In related news, CEO Eric E. Silagy sold 14,723 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $225.56, for a total value of $3,320,919.88. Following the completion of the transaction, the chief executive officer now directly owns 42,884 shares in the company, valued at $9,672,915.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the transaction, the director now owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The disclosure for this sale can be found here. Insiders have sold a total of 97,576 shares of company stock valued at $21,514,886 over the last 90 days. Company insiders own 0.48% of the company’s stock.

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A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group lifted their price objective on shares of NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a research note on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Wells Fargo & Co lifted their price objective on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $231.67.

Shares of NEE traded down $1.01 during mid-day trading on Friday, reaching $222.08. 1,583,945 shares of the stock traded hands, compared to its average volume of 1,974,897. The firm has a fifty day moving average price of $231.32 and a 200 day moving average price of $213.40. The company has a market cap of $111.01 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 3.40 and a beta of 0.17. The company has a current ratio of 0.58, a quick ratio of 0.47 and a debt-to-equity ratio of 0.90. NextEra Energy Inc has a 1 year low of $164.78 and a 1 year high of $239.89.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.12. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.14 billion. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 EPS. On average, sell-side analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.25%. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.

NextEra Energy 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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