XML Financial LLC Has $1.16 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

XML Financial LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.0% during the first quarter, Holdings Channel reports. The institutional investor owned 16,289 shares of the utilities provider’s stock after selling 681 shares during the quarter. XML Financial LLC’s holdings in NextEra Energy were worth $1,155,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the fourth quarter valued at about $36,000. Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at about $44,000. Finally, Promus Capital LLC purchased a new position in NextEra Energy during the fourth quarter worth about $45,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 1.0%

Shares of NEE opened at $70.82 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The business has a 50-day moving average of $69.63 and a 200 day moving average of $70.21. The firm has a market cap of $145.79 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last posted 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. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 85.02%.

Wall Street Analyst Weigh In

NEE has been the subject of several analyst reports. Barclays decreased their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, June 18th. Guggenheim reissued a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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 stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.