Jaffetilchin Investment Partners LLC Trims Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Jaffetilchin Investment Partners LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,711 shares of the utilities provider’s stock after selling 402 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in NextEra Energy were worth $4,375,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Somerset Trust Co increased its stake in NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock worth $6,359,000 after acquiring an additional 4,445 shares during the last quarter. Viking Fund Management LLC increased its position in shares of NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock worth $35,091,000 after purchasing an additional 200,000 shares during the last quarter. HFR Wealth Management LLC raised its holdings in NextEra Energy by 1.4% in the 4th quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider’s stock valued at $9,151,000 after buying an additional 1,799 shares during the period. Blackstone Inc. lifted its position in NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider’s stock valued at $237,527,000 after buying an additional 1,423,730 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth about $96,115,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 18th. BMO Capital Markets cut their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. UBS Group lowered their price target 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. Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $84.50.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $71.03 on Friday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock has a market capitalization of $146.22 billion, a PE ratio of 26.60, a PEG ratio of 2.48 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a 50-day simple moving average of $69.90 and a 200-day simple moving average of $70.19.

NextEra Energy (NYSE:NEE) last issued 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 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors 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 3.19%. NextEra Energy’s payout ratio is currently 85.02%.

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.