Archer Investment Corp Decreases Stake in NextEra Energy, Inc. (NYSE:NEE)

Archer Investment Corp reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,071 shares of the utilities provider's stock after selling 4,865 shares during the period. Archer Investment Corp's holdings in NextEra Energy were worth $2,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $33,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $36,000. Hughes Financial Services LLC acquired a new stake in shares of NextEra Energy in the 1st quarter valued at about $40,000. Finally, Graney & King LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $46,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NEE shares. HSBC cut their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley dropped their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Barclays increased their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.08.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NYSE NEE traded up $0.96 on Friday, hitting $76.14. The stock had a trading volume of 1,301,338 shares, compared to its average volume of 11,004,618. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. 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 has a market cap of $156.74 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 2.63 and a beta of 0.67. The company's 50-day moving average is $71.98 and its two-hundred day moving average is $70.31.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.98%. NextEra Energy's dividend payout ratio is presently 85.02%.

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.

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