Bogart Wealth LLC Has $112,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Bogart Wealth LLC cut its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 97.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,573 shares of the utilities provider's stock after selling 50,299 shares during the quarter. Bogart Wealth LLC's holdings in NextEra Energy were worth $112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Bellwether Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter worth $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the 4th quarter worth $33,000. Copia Wealth Management acquired a new stake in NextEra Energy in the 4th quarter worth $36,000. Hughes Financial Services LLC acquired a new stake in NextEra Energy in the 1st quarter worth $40,000. Finally, Graney & King LLC acquired a new stake in NextEra Energy in the 4th quarter worth $46,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NEE shares. Guggenheim restated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Morgan Stanley decreased their target price 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. Finally, UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $84.73.

NextEra Energy Trading Up 1.0%

Shares of NEE stock opened at $75.15 on Tuesday. 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 $154.70 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.62 and a beta of 0.67. The firm has a 50-day moving average price of $71.53 and a 200 day moving average price of $70.22. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

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

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.02%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

NextEra Energy 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.

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