Aspiriant LLC Sells 3,642 Shares of NextEra Energy, Inc. (NYSE:NEE)

Aspiriant LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 32.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,472 shares of the utilities provider’s stock after selling 3,642 shares during the period. Aspiriant LLC’s holdings in NextEra Energy were worth $530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bellwether Advisors LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the fourth quarter worth $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy in the fourth quarter worth $36,000. Midwest Capital Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at $44,000. Finally, Promus Capital LLC bought a new stake in NextEra Energy during the fourth quarter valued at $45,000. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm’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 transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $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 accessible through this link. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 0.4%

Shares of NYSE NEE opened at $71.54 on Thursday. The company has a market cap of $147.28 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 2.53 and a beta of 0.68. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm’s fifty day moving average is $69.35 and its 200 day moving average is $70.39. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.17%. NextEra Energy’s payout ratio is 85.02%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NEE. Morgan Stanley lowered their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Barclays dropped their target price on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

NextEra Energy Profile

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.