Global Strategic Investment Solutions LLC Sells 279 Shares of NextEra Energy, Inc. (NYSE:NEE)

Global Strategic Investment Solutions LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,988 shares of the utilities provider’s stock after selling 279 shares during the period. Global Strategic Investment Solutions LLC’s holdings in NextEra Energy were worth $283,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NEE. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. Promus Capital LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $45,000. Finally, Mascoma Wealth Management LLC increased its position in shares of NextEra Energy by 41.3% during the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.0%

NEE opened at $73.05 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The stock’s fifty day moving average is $70.33 and its two-hundred day moving average is $70.13. The company has a market capitalization of $150.38 billion, a P/E ratio of 27.36, a PEG ratio of 2.57 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week 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. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s payout ratio is 85.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEE. Wells Fargo & Company lowered their price target on 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 lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Guggenheim reiterated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, June 18th. Finally, Barclays dropped their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.55.

Insider Buying and Selling

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 stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company 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.