Outlook Wealth Advisors LLC Sells 5,301 Shares of NextEra Energy, Inc. (NYSE:NEE)

Outlook Wealth Advisors LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 64.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,943 shares of the utilities provider’s stock after selling 5,301 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in NextEra Energy were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the fourth quarter worth $33,000. Copia Wealth Management acquired a new stake in NextEra Energy in the fourth quarter worth $36,000. Midwest Capital Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter worth $44,000. Finally, Promus Capital LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $45,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NEE shares. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company decreased their price objective 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. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, UBS Group dropped their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $83.50.

NextEra Energy Trading Up 0.9%

Shares of NextEra Energy stock opened at $72.16 on Monday. The firm has a market capitalization of $148.55 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $68.45 and its 200 day moving average is $70.55. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio is currently 84.64%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

NextEra Energy 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.