Evanson Asset Management LLC Sells 288 Shares of NextEra Energy, Inc. (NYSE:NEE)

Evanson Asset Management LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 4,047 shares of the utilities provider’s stock after selling 288 shares during the period. Evanson Asset Management LLC’s holdings in NextEra Energy were worth $287,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LaFleur & Godfrey LLC raised its position in shares of NextEra Energy by 9.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock valued at $323,000 after acquiring an additional 400 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $203,000. Finally, Alberta Investment Management Corp grew its holdings in shares of NextEra Energy by 128.5% in the 4th quarter. Alberta Investment Management Corp now owns 45,700 shares of the utilities provider’s stock valued at $3,276,000 after buying an additional 25,700 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

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

Wall Street Analysts Forecast Growth

NEE has been the subject of several research analyst reports. Barclays decreased their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday. Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Finally, UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

NextEra Energy Trading Up 0.1%

NextEra Energy stock opened at $71.61 on Friday. The firm has a 50-day moving average of $69.57 and a 200-day moving average of $70.32. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market cap of $147.41 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the prior year, the business posted $0.91 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. NextEra Energy’s dividend 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.