NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,664 shares of the utilities provider’s stock after selling 5,153 shares during the period. Janney Capital Management LLC’s holdings in NextEra Energy were worth $10,326,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Bigelow Investment Advisors LLC increased its holdings in shares of NextEra Energy by 3.5% in the 1st quarter. Bigelow Investment Advisors LLC now owns 21,759 shares of the utilities provider’s stock worth $1,542,000 after acquiring an additional 745 shares during the period. Community Bank N.A. increased its holdings in shares of NextEra Energy by 4.3% in the 1st quarter. Community Bank N.A. now owns 56,932 shares of the utilities provider’s stock worth $4,035,000 after acquiring an additional 2,349 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of NextEra Energy by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 241,031 shares of the utilities provider’s stock worth $17,086,000 after acquiring an additional 6,550 shares during the period. CWA Asset Management Group LLC grew its position in NextEra Energy by 55.3% in the 1st quarter. CWA Asset Management Group LLC now owns 32,998 shares of the utilities provider’s stock valued at $2,339,000 after buying an additional 11,753 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in NextEra Energy in the 1st quarter valued at about $433,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $71.54 on Thursday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average of $69.35 and a 200-day moving average of $70.39. The firm has a market cap of $147.28 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.53 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period last year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NEE shares. UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, 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. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $84.50.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the 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 completion of the sale, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Company 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.