National Bank of Canada FI Sells 749,163 Shares of NextEra Energy, Inc. $NEE

National Bank of Canada FI lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 30.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,695,301 shares of the utilities provider’s stock after selling 749,163 shares during the quarter. National Bank of Canada FI owned about 0.08% of NextEra Energy worth $117,690,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management raised its position in shares of NextEra Energy by 79.7% in the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new position in NextEra Energy in the second quarter valued at approximately $25,000. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the first quarter valued at approximately $26,000. Finally, Quaker Wealth Management LLC lifted its stake in NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE:NEE opened at $81.65 on Monday. The stock’s 50-day moving average is $83.68 and its 200-day moving average is $76.67. The stock has a market cap of $170.05 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.74. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s payout ratio is currently 72.29%.

Insider Activity at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 157,322 shares of company stock worth $13,148,943 over the last three months. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of NextEra Energy in a research note on Tuesday, December 9th. HSBC raised their price objective on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Morgan Stanley dropped their target price on shares of NextEra Energy from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Argus set a $90.00 price target on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, New Street Research set a $84.00 price objective on shares of NextEra Energy in a research report on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.72.

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.