Clifford Group LLC Sells 342 Shares of NextEra Energy, Inc. (NYSE:NEE)

Clifford Group LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,086 shares of the utilities provider’s stock after selling 342 shares during the period. NextEra Energy makes up about 0.6% of Clifford Group LLC’s investment portfolio, making the stock its 26th largest position. Clifford Group LLC’s holdings in NextEra Energy were worth $714,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NEE. Proffitt & Goodson Inc. grew its holdings in shares of NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the last quarter. Clear Investment Research LLC grew its holdings in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the last quarter. American Capital Advisory LLC grew its holdings in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy in the second quarter worth about $33,000. Finally, Neo Ivy Capital Management bought a new position in shares of NextEra Energy in the fourth quarter worth about $40,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 2.4 %

NYSE NEE opened at $82.29 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm has a market cap of $169.07 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The company has a 50 day moving average price of $78.20 and a 200 day moving average price of $72.02. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $85.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the business posted $0.88 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.50%. NextEra Energy’s payout ratio is 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Citigroup upped their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Bank of America upped their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Scotiabank boosted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday, June 12th. Finally, Barclays upped their price target on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.87.

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.