NextEra Energy, Inc. $NEE Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,156 shares of the utilities provider’s stock after selling 14,695 shares during the period. NewEdge Wealth LLC’s holdings in NextEra Energy were worth $10,417,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Walker Asset Management LLC increased its holdings in NextEra Energy by 2.2% in the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider’s stock valued at $465,000 after buying an additional 107 shares in the last quarter. PUREfi Wealth LLC boosted its stake in shares of NextEra Energy by 0.9% during the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock worth $1,170,000 after acquiring an additional 107 shares in the last quarter. Garrison Point Advisors LLC boosted its stake in shares of NextEra Energy by 0.4% during the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider’s stock worth $2,269,000 after acquiring an additional 109 shares in the last quarter. Cornerstone Planning Group LLC grew its position in shares of NextEra Energy by 12.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 111 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its position in shares of NextEra Energy by 23.2% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NEE shares. DA Davidson upped their price target on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Scotiabank raised their price objective on NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $99.23.

NextEra Energy Stock Up 0.6%

Shares of NYSE NEE opened at $89.95 on Friday. The firm has a market cap of $187.58 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67. The company’s 50-day simple moving average is $87.45 and its 200-day simple moving average is $89.47. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. Equities analysts predict that NextEra Energy, Inc. will post 4.02 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, June 5th. NextEra Energy’s payout ratio is 63.36%.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.