TFC Financial Management Inc. Has $241,000 Position in NextEra Energy, Inc. (NYSE:NEE)

TFC Financial Management Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.2% during the 1st quarter, Holdings Channel reports. The fund owned 3,397 shares of the utilities provider’s stock after selling 346 shares during the period. TFC Financial Management Inc.’s holdings in NextEra Energy were worth $241,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NEE. Somerset Trust Co raised its position in shares of 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 purchasing an additional 4,445 shares during the period. Viking Fund Management LLC increased its stake in NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock valued at $35,091,000 after purchasing an additional 200,000 shares in the last quarter. HFR Wealth Management LLC raised its holdings in NextEra Energy by 1.4% during the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider’s stock worth $9,151,000 after buying an additional 1,799 shares during the last quarter. Blackstone Inc. lifted its stake in shares of 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 in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $96,115,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NEE. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, June 18th. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Barclays dropped their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. UBS Group cut their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

NextEra Energy Stock Performance

NYSE NEE opened at $71.03 on Friday. The company has a market capitalization of $146.22 billion, a PE ratio of 26.60, a price-to-earnings-growth 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. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company 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 released its 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. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s dividend payout ratio is currently 85.02%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 in the company, 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

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.