Advisory Alpha LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 42.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 8,809 shares of the utilities provider’s stock after selling 6,577 shares during the period. Advisory Alpha LLC’s holdings in NextEra Energy were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in NEE. LaFleur & Godfrey LLC grew its position in shares of NextEra Energy by 9.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock worth $323,000 after acquiring an additional 400 shares in the last quarter. Brighton Jones LLC grew its position 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 worth $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its position 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 worth $348,000 after acquiring an additional 298 shares in the last quarter. R Squared Ltd acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $68,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of NextEra Energy by 8.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 225,085 shares of the utilities provider’s stock worth $16,136,000 after acquiring an additional 16,940 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.
Insider Transactions at NextEra Energy
In other news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.
NextEra Energy Trading Up 2.1%
NextEra Energy (NYSE:NEE – Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.
NextEra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio is presently 84.64%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. UBS Group reduced their price objective 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. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $83.50.
Get Our Latest Stock Report on NextEra Energy
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.
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