Boston Family Office LLC Trims Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Boston Family Office LLC reduced its holdings in NextEra Energy by 1.5%, selling 4,275 shares and retaining a total of 277,635 shares worth approximately $19.68 million.
• Analysts have issued mixed ratings for NextEra Energy, with price targets being adjusted downwards by firms like Wells Fargo and HSBC, while maintaining a consensus rating of "Moderate Buy" and an average target price of $84.42.
• The company recently declared a quarterly dividend of $0.5665 per share, representing an annualized yield of 3.0%, with a payout ratio of 79.37%.

Boston Family Office LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277,635 shares of the utilities provider's stock after selling 4,275 shares during the period. NextEra Energy accounts for approximately 1.4% of Boston Family Office LLC's investment portfolio, making the stock its 24th biggest holding. Boston Family Office LLC's holdings in NextEra Energy were worth $19,682,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $30,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy in the first quarter valued at $35,000. Copia Wealth Management bought a new stake in NextEra Energy in the fourth quarter valued at $36,000. CBIZ Investment Advisory Services LLC increased its stake in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new stake in NextEra Energy in the first quarter valued at $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NEE shares. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Stock Up 1.1%

NextEra Energy stock traded up $0.8220 during midday trading on Tuesday, hitting $76.5420. 8,046,120 shares of the stock were exchanged, compared to its average volume of 9,502,599. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock has a market capitalization of $157.62 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.61 and a beta of 0.63. The business's 50-day moving average price is $72.83 and its 200-day moving average price is $70.63. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

Insider Buying and Selling

In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

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.