Archford Capital Strategies LLC Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Archford Capital Strategies LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 35.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,404 shares of the utilities provider's stock after selling 14,521 shares during the quarter. Archford Capital Strategies LLC's holdings in NextEra Energy were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Financial Enhancement Group LLC lifted its holdings in shares of NextEra Energy by 3.4% during the 1st quarter. Financial Enhancement Group LLC now owns 94,495 shares of the utilities provider's stock worth $6,297,000 after acquiring an additional 3,122 shares during the last quarter. Vectors Research Management LLC boosted its holdings in shares of NextEra Energy by 3.0% in the 1st quarter. Vectors Research Management LLC now owns 23,188 shares of the utilities provider's stock worth $1,644,000 after purchasing an additional 667 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of NextEra Energy by 2.3% during the 1st quarter. Harbour Capital Advisors LLC now owns 27,799 shares of the utilities provider's stock valued at $2,005,000 after purchasing an additional 620 shares during the last quarter. Retirement Guys Formula LLC bought a new stake in NextEra Energy in the 1st quarter worth approximately $926,000. Finally, Community Financial Services Group LLC boosted its stake in NextEra Energy by 7.3% in the first quarter. Community Financial Services Group LLC now owns 82,603 shares of the utilities provider's stock worth $5,856,000 after buying an additional 5,599 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on 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 directly owns 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NEE shares. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets decreased their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Trading Up 1.0%

NYSE:NEE opened at $71.42 on Wednesday. The company has a 50-day moving average price of $69.71 and a 200-day moving average price of $70.22. The stock has a market cap of $147.03 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.49 and a beta of 0.68. 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.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. NextEra Energy's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) 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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