Romano Brothers AND Company Sells 150 Shares of NextEra Energy, Inc. (NYSE:NEE)

Romano Brothers AND Company lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,520 shares of the utilities provider’s stock after selling 150 shares during the quarter. Romano Brothers AND Company’s holdings in NextEra Energy were worth $2,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Sageworth Trust Co grew its stake in shares of NextEra Energy by 1,794.1% during the 1st quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 305 shares during the period. Your Advocates Ltd. LLP bought a new position in shares of NextEra Energy during the 1st quarter worth $31,000. Magellan Asset Management Ltd bought a new position in shares of NextEra Energy during the 1st quarter worth $32,000. Ahrens Investment Partners LLC bought a new position in shares of NextEra Energy during the 1st quarter worth $35,000. Finally, Portland Hill Asset Management Ltd bought a new position in shares of NextEra Energy during the 4th quarter worth $39,000. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Director Kirk S. Hachigian acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $67.95 per share, with a total value of $679,500.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $1,019,250. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NextEra Energy news, Director Kirk S. Hachigian acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $67.95 per share, with a total value of $679,500.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $1,019,250. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Lawrence Camaren bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $542,800. The disclosure for this purchase can be found here. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NextEra Energy stock traded down $0.51 during mid-day trading on Tuesday, reaching $67.73. 2,549,822 shares of the stock traded hands, compared to its average volume of 8,182,706. The stock has a market capitalization of $137.07 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.53 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12-month low of $65.36 and a 12-month high of $88.61. The business’s 50-day moving average is $69.78 and its 200-day moving average is $73.42.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $7.35 billion during the quarter, compared to analysts’ expectations of $6.68 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.12 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were issued a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a yield of 2.76%. The ex-dividend date was Tuesday, August 29th. NextEra Energy’s dividend payout ratio is presently 46.29%.

Wall Street Analyst Weigh In

NEE has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, August 30th. The Goldman Sachs Group assumed coverage on NextEra Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price objective on the stock. StockNews.com began coverage on NextEra Energy in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Morgan Stanley cut their price objective on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Finally, Guggenheim cut their price objective on NextEra Energy from $92.00 to $86.00 in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $87.90.

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, coal, and natural gas facilities. 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.