NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lessened by AE Wealth Management LLC

AE Wealth Management LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 10.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 51,632 shares of the utilities provider’s stock after selling 5,756 shares during the quarter. AE Wealth Management LLC’s holdings in NextEra Energy were worth $3,660,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NEE. Two Sigma Advisers LP bought a new position in shares of NextEra Energy in the 4th quarter worth about $240,269,000. California Public Employees Retirement System grew its position in NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after purchasing an additional 2,517,369 shares during the last quarter. Schroder Investment Management Group grew its position in NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock worth $578,164,000 after purchasing an additional 2,499,011 shares during the last quarter. GAMMA Investing LLC grew its position in NextEra Energy by 8,456.8% in the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider’s stock worth $174,286,000 after purchasing an additional 2,429,804 shares during the last quarter. Finally, Northern Trust Corp grew its position in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NEE shares. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. HSBC decreased their target price 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. Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Wells Fargo & Company decreased their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.42.

NextEra Energy Stock Down 0.2%

NextEra Energy stock opened at $71.83 on Friday. The company’s 50-day moving average price is $72.23 and its two-hundred day moving average price is $70.43. The stock has a market cap of $147.92 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.53 and a beta of 0.67. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 3.15%. NextEra Energy’s dividend payout ratio is currently 85.02%.

Insider Activity at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The stock was 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 directly owned 196,817 shares in the company, valued at $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 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.