NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Advisor OS LLC

Advisor OS LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,339 shares of the utilities provider’s stock after selling 575 shares during the quarter. Advisor OS LLC’s holdings in NextEra Energy were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its position in NextEra Energy by 149.6% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 12,375 shares of the utilities provider’s stock worth $887,000 after acquiring an additional 7,418 shares during the period. Ausdal Financial Partners Inc. grew its stake in shares of NextEra Energy by 14.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 6,776 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 871 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $193,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Morgan Stanley cut their price objective 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, June 18th. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, HSBC reduced their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.42.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction 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 directly owned 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $71.83 on Friday. The business has a 50 day moving average price of $72.23 and a 200 day moving average price of $70.43. The company has a market capitalization of $147.92 billion, a P/E ratio of 25.12, a PEG ratio of 2.53 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.15%. NextEra Energy’s payout ratio is currently 85.02%.

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.