Sunbelt Securities Inc. Sells 246 Shares of NextEra Energy, Inc. (NYSE:NEE)

Posted by Defense World Staff on Mar 16th, 2023

Sunbelt Securities Inc. lowered its stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,307 shares of the utilities provider’s stock after selling 246 shares during the quarter. Sunbelt Securities Inc.’s holdings in NextEra Energy were worth $1,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Two Sigma Advisers LP bought a new position in shares of NextEra Energy in the third quarter worth about $24,166,000. Foundations Investment Advisors LLC raised its stake in shares of NextEra Energy by 28.6% in the third quarter. Foundations Investment Advisors LLC now owns 4,899 shares of the utilities provider’s stock worth $384,000 after buying an additional 1,090 shares during the period. McAdam LLC raised its stake in shares of NextEra Energy by 4.5% in the third quarter. McAdam LLC now owns 3,374 shares of the utilities provider’s stock worth $265,000 after buying an additional 145 shares during the period. Oxler Private Wealth LLC raised its stake in shares of NextEra Energy by 0.5% in the third quarter. Oxler Private Wealth LLC now owns 42,270 shares of the utilities provider’s stock worth $3,314,000 after buying an additional 198 shares during the period. Finally, Beaumont Financial Partners LLC raised its stake in shares of NextEra Energy by 2.3% in the third quarter. Beaumont Financial Partners LLC now owns 63,262 shares of the utilities provider’s stock worth $4,960,000 after buying an additional 1,412 shares during the period. Institutional investors own 76.17% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $75.52 on Thursday. The stock has a market cap of $150.10 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 2.59 and a beta of 0.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.43 and a current ratio of 0.51. The stock has a 50 day moving average price of $77.06 and a 200-day moving average price of $80.42. NextEra Energy, Inc. has a one year low of $67.22 and a one year high of $91.35.

NextEra Energy (NYSE:NEE – Get Rating) last announced its earnings results on Wednesday, January 25th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 12.51% and a net margin of 19.79%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.12 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were issued a $0.4675 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, February 27th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.48%. NextEra Energy’s payout ratio is 89.47%.

Analysts Set New Price Targets

NEE has been the topic of several recent analyst reports. Guggenheim decreased their target price on NextEra Energy from $102.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, January 26th. Credit Suisse Group decreased their target price on NextEra Energy from $89.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 26th. Morgan Stanley decreased their target price on NextEra Energy from $100.00 to $97.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 22nd. Bank of America downgraded NextEra Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $94.00 to $80.00 in a research note on Thursday, January 26th. Finally, Royal Bank of Canada decreased their target price on NextEra Energy from $101.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, January 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.83.

Insider Activity at NextEra Energy

In other NextEra Energy news, Director Amy B. Lane acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The stock was bought at an average price of $74.86 per share, for a total transaction of $74,860.00. Following the acquisition, the director now directly owns 41,277 shares in the company, valued at $3,089,996.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NextEra Energy news, CEO Armando Pimentel, Jr. acquired 13,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was bought at an average price of $75.44 per share, for a total transaction of $995,808.00. Following the acquisition, the chief executive officer now directly owns 129,230 shares in the company, valued at $9,749,111.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 6th. The shares were acquired at an average price of $74.86 per share, with a total value of $74,860.00. Following the acquisition, the director now owns 41,277 shares in the company, valued at $3,089,996.22. The disclosure for this purchase can be found here. Insiders acquired a total of 18,872 shares of company stock worth $1,417,721 in the last quarter. 0.43% of the stock is owned by company insiders.

About NextEra Energy

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NextEra Energy, Inc engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.