Webster Bank N. A. Sells 600 Shares of NextEra Energy, Inc. (NYSE:NEE)

Webster Bank N. A. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,898 shares of the utilities provider’s stock after selling 600 shares during the period. Webster Bank N. A.’s holdings in NextEra Energy were worth $985,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after buying an additional 5,831 shares during the period. Empower Advisory Group LLC increased its position in NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after buying an additional 41,328 shares during the period. Brentview Investment Management LLC bought a new position in NextEra Energy during the 4th quarter worth $3,761,000. Fortress Financial Solutions LLC bought a new position in NextEra Energy during the 4th quarter worth $315,000. Finally, Asset Planning Inc bought a new position in shares of NextEra Energy in the fourth quarter worth $560,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 sale, the executive vice president now directly 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 SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEE. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Barclays decreased their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their price target on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.50.

NextEra Energy Stock Performance

NYSE:NEE opened at $69.00 on Friday. The stock’s 50-day simple moving average is $68.36 and its 200 day simple moving average is $70.84. The firm has a market capitalization of $142.05 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month 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 for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

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.