Lenox Wealth Management Inc. Has $192,000 Stake in NextEra Energy Inc (NYSE:NEE)

Lenox Wealth Management Inc. trimmed its stake in shares of NextEra Energy Inc (NYSE:NEE) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 828 shares of the utilities provider’s stock after selling 68 shares during the period. Lenox Wealth Management Inc.’s holdings in NextEra Energy were worth $192,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. TRUE Private Wealth Advisors acquired a new position in NextEra Energy in the second quarter valued at approximately $25,000. Krane Funds Advisors LLC bought a new stake in NextEra Energy in the second quarter valued at approximately $25,000. Manchester Financial Inc. bought a new stake in NextEra Energy in the second quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC increased its stake in NextEra Energy by 446.4% in the second quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 625 shares in the last quarter. Finally, First PREMIER Bank bought a new stake in NextEra Energy in the third quarter valued at approximately $33,000. Institutional investors own 74.53% of the company’s stock.

In related news, EVP Charles E. Sieving sold 4,987 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $222.52, for a total transaction of $1,109,707.24. Following the completion of the transaction, the executive vice president now owns 46,467 shares in the company, valued at $10,339,836.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the transaction, the director now owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The disclosure for this sale can be found here. Insiders have sold 97,576 shares of company stock valued at $21,514,886 in the last three months. 0.48% of the stock is owned by insiders.

Several brokerages have commented on NEE. ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group upped their target price on shares of NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Morgan Stanley upped their target price on shares of NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Barclays downgraded shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price for the company. in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $231.67.

Shares of NEE stock traded up $0.27 during trading hours on Monday, hitting $222.35. 567,958 shares of the company were exchanged, compared to its average volume of 1,974,897. The business has a 50 day moving average of $231.32 and a two-hundred day moving average of $213.40. The company has a current ratio of 0.58, a quick ratio of 0.47 and a debt-to-equity ratio of 0.90. NextEra Energy Inc has a 52 week low of $164.78 and a 52 week high of $239.89. The company has a market capitalization of $111.01 billion, a PE ratio of 28.88, a PEG ratio of 3.40 and a beta of 0.17.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.12. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the firm earned $2.18 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy Inc will post 8.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. NextEra Energy’s dividend payout ratio is 64.94%.

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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