NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Sound Stewardship LLC

Sound Stewardship LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 5,972 shares of the utilities provider’s stock after selling 359 shares during the period. Sound Stewardship LLC’s holdings in NextEra Energy were worth $423,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Bellwether Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at $33,000. Copia Wealth Management acquired a new position in NextEra Energy in the fourth quarter valued at $36,000. Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several research reports. Barclays cut their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Guggenheim reaffirmed a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. boosted 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. Seven research 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.1%

NYSE:NEE opened at $73.82 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $151.97 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The stock has a 50-day simple moving average of $68.79 and a 200 day simple moving average of $70.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm earned $0.91 EPS. The business’s revenue was up 9.0% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

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.