MainStreet Investment Advisors LLC Sells 241 Shares of NextEra Energy, Inc. (NYSE:NEE)

MainStreet Investment Advisors LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,712 shares of the utilities provider’s stock after selling 241 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in NextEra Energy were worth $2,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at $28,000. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at $44,000. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company decreased their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.46.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 sale, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 3.5%

Shares of NEE stock opened at $72.12 on Wednesday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. 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 firm has a market capitalization of $148.47 billion, a PE ratio of 21.40, a PEG ratio of 2.45 and a beta of 0.69. The stock has a fifty day simple moving average of $68.75 and a two-hundred day simple moving average of $71.39.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (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 firm had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is 84.64%.

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.