Paragon Capital Management LLC Sells 3,000 Shares of NextEra Energy Inc (NYSE:NEE)

Paragon Capital Management LLC cut its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 80.4% in the 2nd quarter, Holdings Channel reports. The firm owned 730 shares of the utilities provider’s stock after selling 3,000 shares during the period. Paragon Capital Management LLC’s holdings in NextEra Energy were worth $150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TRUE Private Wealth Advisors bought a new position in NextEra Energy in the 2nd quarter valued at about $25,000. Manchester Financial Inc. bought a new position in NextEra Energy in the 2nd quarter valued at about $26,000. Legacy Advisors LLC lifted its position in shares of NextEra Energy by 1,000.0% during the 2nd quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock worth $34,000 after buying an additional 150 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $41,000. Finally, Kavar Capital Partners LLC purchased a new position in NextEra Energy in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 76.24% of the company’s stock.

A number of research firms have recently commented on NEE. Morgan Stanley set a $233.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. KeyCorp began coverage on shares of NextEra Energy in a research report on Tuesday, June 4th. They set an “overweight” rating and a $225.00 price target for the company. Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a research report on Tuesday, August 13th. Finally, Guggenheim lifted their price objective on shares of NextEra Energy from $205.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $214.38.

In other news, EVP Joseph T. Kelliher sold 5,741 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $207.26, for a total value of $1,189,879.66. Following the transaction, the executive vice president now owns 37,235 shares in the company, valued at $7,717,326.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $202.90, for a total transaction of $324,640.00. Following the completion of the transaction, the director now owns 18,315 shares in the company, valued at approximately $3,716,113.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,878 shares of company stock worth $17,312,768. Corporate insiders own 0.48% of the company’s stock.

NEE traded up $1.56 during midday trading on Friday, reaching $223.18. The company’s stock had a trading volume of 77,987 shares, compared to its average volume of 1,749,951. The firm has a market capitalization of $104.99 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.27 and a beta of 0.22. 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 Inc has a 1 year low of $164.25 and a 1 year high of $221.77. The stock’s 50-day moving average is $211.77 and its 200-day moving average is $198.23.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 29th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

NextEra Energy Company 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.

Further Reading: How much money do you need to begin day trading?

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.