NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Arrow Financial Corp

Arrow Financial Corp lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 39.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,924 shares of the utilities provider's stock after selling 5,703 shares during the period. Arrow Financial Corp's holdings in NextEra Energy were worth $633,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Crestwood Advisors Group LLC lifted its position in shares of NextEra Energy by 1.3% during the 1st quarter. Crestwood Advisors Group LLC now owns 115,680 shares of the utilities provider's stock valued at $8,201,000 after acquiring an additional 1,521 shares during the period. GW&K Investment Management LLC lifted its holdings in NextEra Energy by 11.3% during the first quarter. GW&K Investment Management LLC now owns 4,544 shares of the utilities provider's stock valued at $322,000 after purchasing an additional 462 shares during the last quarter. Wealth Dimensions Group Ltd. lifted its holdings in NextEra Energy by 30.1% during the first quarter. Wealth Dimensions Group Ltd. now owns 5,045 shares of the utilities provider's stock valued at $358,000 after purchasing an additional 1,168 shares during the last quarter. Peterson Wealth Services lifted its holdings in shares of NextEra Energy by 21.0% in the first quarter. Peterson Wealth Services now owns 10,433 shares of the utilities provider's stock worth $740,000 after buying an additional 1,811 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in NextEra Energy by 668.6% in the first quarter. Los Angeles Capital Management LLC now owns 247,921 shares of the utilities provider's stock valued at $17,575,000 after purchasing an additional 215,665 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

NEE stock traded up $0.22 during midday trading on Monday, hitting $76.17. The company's stock had a trading volume of 8,349,204 shares, compared to its average volume of 11,035,667. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month 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 firm has a market capitalization of $156.80 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67. The company has a 50 day moving average of $72.09 and a two-hundred day moving average of $70.32.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data 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 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the firm earned $0.91 EPS. The company'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 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price objective on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Wells Fargo & Company lowered their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday. Seven 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, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

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.