Leslie Global Wealth LLC Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)

Leslie Global Wealth LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,751 shares of the utilities provider’s stock after selling 457 shares during the quarter. Leslie Global Wealth LLC’s holdings in NextEra Energy were worth $484,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management grew its holdings in NextEra Energy by 2.9% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 36,253 shares of the utilities provider’s stock valued at $2,599,000 after buying an additional 1,019 shares during the period. Aquatic Capital Management LLC boosted its position in shares of NextEra Energy by 273.3% in the fourth quarter. Aquatic Capital Management LLC now owns 297,532 shares of the utilities provider’s stock worth $21,330,000 after acquiring an additional 217,832 shares during the last quarter. Bolthouse Investments LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $688,000. Wills Financial Group Inc. increased its position in NextEra Energy by 4.4% during the fourth quarter. Wills Financial Group Inc. now owns 34,140 shares of the utilities provider’s stock worth $2,447,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in NextEra Energy by 2.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 106,198 shares of the utilities provider’s stock worth $7,613,000 after purchasing an additional 2,929 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NEE shares. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Barclays lowered their price target on NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday. Erste Group Bank raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, April 16th. Finally, BMO Capital Markets dropped their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $84.08.

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 0.4 %

Shares of NYSE:NEE opened at $66.10 on Friday. The company has a market capitalization of $136.08 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a 50 day moving average of $69.41 and a two-hundred day moving average of $72.67. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.43%. NextEra Energy’s payout ratio is 84.64%.

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,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.