NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 19.8% during the first quarter, Holdings Channel.com reports. The fund owned 102,489 shares of the utilities provider’s stock after selling 25,378 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NextEra Energy were worth $7,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at $30,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy in the first quarter valued at $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the fourth quarter valued at $36,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of NextEra Energy during the first quarter worth about $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.8%

NYSE:NEE opened at $70.59 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The business’s 50-day simple moving average is $72.45 and its 200 day simple moving average is $70.52. The stock has a market cap of $145.37 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 2.45 and a beta of 0.63.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. HSBC reduced their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. UBS Group reduced their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 18th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $84.42.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,361 shares of company stock worth $2,365,398 over the last quarter. 0.20% of the stock is owned by corporate insiders.

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.