Proactive Wealth Strategies LLC Has $575,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Proactive Wealth Strategies LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,118 shares of the utilities provider’s stock after selling 349 shares during the period. Proactive Wealth Strategies LLC’s holdings in NextEra Energy were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NEE. LaFleur & Godfrey LLC raised its position in NextEra Energy by 9.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 400 shares in the last quarter. Brighton Jones LLC lifted its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its stake in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares in the last quarter. TCW Group Inc. grew its position in NextEra Energy by 0.3% in the fourth quarter. TCW Group Inc. now owns 115,848 shares of the utilities provider’s stock valued at $8,305,000 after acquiring an additional 317 shares during the period. Finally, Howard Capital Management Inc. raised its stake in NextEra Energy by 5.1% during the fourth quarter. Howard Capital Management Inc. now owns 14,906 shares of the utilities provider’s stock worth $1,069,000 after acquiring an additional 724 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 1.0%

NYSE NEE opened at $70.82 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a market capitalization of $145.79 billion, a PE ratio of 26.52, a P/E/G ratio of 2.52 and a beta of 0.68. The stock has a 50-day simple moving average of $69.63 and a 200 day simple moving average of $70.21.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting 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 business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. 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 is 85.02%.

Analysts Set New Price Targets

NEE has been the subject of a number of recent analyst reports. Barclays dropped their target price on shares of 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. Wells Fargo & Company reduced 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. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Finally, Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

Insider Buying and Selling

In other NextEra Energy news, 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

About NextEra Energy

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.