NextEra Energy, Inc. (NYSE:NEE) Shares Sold by LGL Partners LLC

LGL Partners LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 13.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,010 shares of the utilities provider’s stock after selling 810 shares during the quarter. LGL Partners LLC’s holdings in NextEra Energy were worth $424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Connecticut Wealth Management LLC increased its stake in shares of NextEra Energy by 1.4% during the first quarter. Connecticut Wealth Management LLC now owns 9,010 shares of the utilities provider’s stock worth $763,000 after acquiring an additional 126 shares during the period. CRA Financial Services LLC increased its stake in shares of NextEra Energy by 0.5% during the first quarter. CRA Financial Services LLC now owns 26,410 shares of the utilities provider’s stock worth $2,237,000 after acquiring an additional 127 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of NextEra Energy by 2.4% during the first quarter. Rosenberg Matthew Hamilton now owns 5,571 shares of the utilities provider’s stock worth $472,000 after acquiring an additional 128 shares during the period. Capital Market Strategies LLC grew its position in NextEra Energy by 0.9% during the first quarter. Capital Market Strategies LLC now owns 15,137 shares of the utilities provider’s stock worth $1,282,000 after buying an additional 133 shares during the period. Finally, Marion Wealth Management grew its position in NextEra Energy by 2.1% during the first quarter. Marion Wealth Management now owns 6,571 shares of the utilities provider’s stock worth $557,000 after buying an additional 136 shares during the period. 76.89% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE opened at $89.90 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.47 and a current ratio of 0.53. The company has a market capitalization of $176.63 billion, a price-to-earnings ratio of 68.63, a PEG ratio of 3.24 and a beta of 0.46. The company’s 50 day simple moving average is $84.99 and its 200 day simple moving average is $80.21. NextEra Energy, Inc. has a 1 year low of $67.22 and a 1 year high of $93.73.

NextEra Energy (NYSE:NEEGet Rating) last announced its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The business had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.26 billion. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 2.89 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, August 30th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, August 29th. NextEra Energy’s payout ratio is 129.77%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Seaport Res Ptn lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. UBS Group lowered their target price on shares of NextEra Energy to $109.00 in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of NextEra Energy from $107.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 9th. TheStreet upgraded shares of NextEra Energy from a “c+” rating to a “b” rating in a research report on Friday, July 22nd. Finally, BMO Capital Markets lowered their target price on shares of NextEra Energy from $105.00 to $93.00 in a research report on Monday, June 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $92.80.

Insider Activity at NextEra Energy

In related news, CEO John W. Ketchum purchased 12,909 shares of the business’s stock in a transaction on Friday, July 1st. The shares were bought at an average price of $78.33 per share, with a total value of $1,011,161.97. Following the completion of the purchase, the chief executive officer now directly owns 132,894 shares in the company, valued at approximately $10,409,587.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.38% of the company’s stock.

About NextEra Energy

(Get Rating)

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, coal, and natural gas facilities. 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.

Read More

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEGet Rating).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.