Integral Investment Advisors Inc. Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Integral Investment Advisors Inc. lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 57.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,385 shares of the utilities provider’s stock after selling 11,140 shares during the quarter. Integral Investment Advisors Inc.’s holdings in NextEra Energy were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Bellwether Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $44,000. Finally, Promus Capital LLC bought a new stake in NextEra Energy in the fourth quarter worth $45,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $71.91 on Tuesday. The firm has a market cap of $148.04 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.45 and a beta of 0.68. 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, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company’s 50 day moving average is $68.48 and its 200 day moving average is $70.52.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the firm earned $0.91 earnings per share. NextEra Energy’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s payout ratio is 84.64%.

Analyst Ratings Changes

Several research firms have commented on NEE. Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Finally, Barclays cut their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $83.50.

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.