ARS Wealth Advisors Group LLC Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

ARS Wealth Advisors Group LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,664 shares of the utilities provider’s stock after selling 604 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in NextEra Energy were worth $685,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Empowered Funds LLC lifted its stake in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC lifted its stake in NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after purchasing an additional 41,328 shares in the last quarter. Somerset Trust Co lifted its stake in NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock worth $6,359,000 after purchasing an additional 4,445 shares in the last quarter. Fortress Financial Solutions LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $315,000. Finally, Asset Planning Inc purchased a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $560,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE NEE opened at $72.16 on Friday. The company has a market cap of $148.55 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a 50-day moving average of $68.45 and a two-hundred day moving average of $70.60. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s dividend payout ratio is currently 84.64%.

Analyst Ratings Changes

NEE has been the topic of several analyst reports. 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. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. BMO Capital Markets reduced their price target 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. Guggenheim reaffirmed a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.50.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.