L & S Advisors Inc Has $5.94 Million Stock Position in NextEra Energy Inc (NYSE:NEE)

L & S Advisors Inc lowered its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 26.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,016 shares of the utilities provider’s stock after selling 10,200 shares during the period. NextEra Energy comprises about 0.8% of L & S Advisors Inc’s portfolio, making the stock its 27th biggest holding. L & S Advisors Inc’s holdings in NextEra Energy were worth $5,944,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Meridian Financial Partners LLC increased its holdings in NextEra Energy by 1.8% in the 2nd quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock worth $588,000 after purchasing an additional 49 shares in the last quarter. Grove Bank & Trust increased its holdings in NextEra Energy by 1.0% in the 2nd quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock worth $1,015,000 after purchasing an additional 49 shares in the last quarter. Bogart Wealth LLC increased its holdings in NextEra Energy by 1.4% in the 2nd quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock worth $824,000 after purchasing an additional 54 shares in the last quarter. Ullmann Financial Group Inc. increased its holdings in NextEra Energy by 2.7% in the 2nd quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 57 shares in the last quarter. Finally, Heritage Wealth Advisors increased its holdings in NextEra Energy by 16.1% in the 1st quarter. Heritage Wealth Advisors now owns 432 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 60 shares in the last quarter. 76.11% of the stock is owned by institutional investors.

In related news, EVP Joseph T. Kelliher sold 5,741 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $207.26, for a total transaction of $1,189,879.66. Following the sale, the executive vice president now owns 37,235 shares in the company, valued at approximately $7,717,326.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Ketchum sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $204.50, for a total value of $3,067,500.00. Following the sale, the chief executive officer now owns 21,137 shares in the company, valued at approximately $4,322,516.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,894 shares of company stock worth $21,378,595. 0.48% of the stock is owned by corporate insiders.

NYSE NEE opened at $219.91 on Friday. The business’s 50-day moving average price is $216.51 and its two-hundred day moving average price is $202.03. NextEra Energy Inc has a 12 month low of $164.25 and a 12 month high of $225.96. The firm has a market capitalization of $105.76 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 3.25 and a beta of 0.19. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the prior year, the company earned $2.08 EPS. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, analysts forecast that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.27%. NextEra Energy’s payout ratio is 64.94%.

NEE has been the subject of a number of recent research reports. Morgan Stanley set a $233.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Friday, August 16th. Bank of America upped their price target on NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. KeyCorp assumed coverage on NextEra Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 price target on the stock. Barclays lowered NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target on the stock. in a research report on Tuesday, August 13th. Finally, Wells Fargo & Co set a $240.00 price target on NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $217.77.

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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