Capital Asset Advisory Services LLC Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Capital Asset Advisory Services LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,075 shares of the utilities provider's stock after selling 4,851 shares during the quarter. Capital Asset Advisory Services LLC's holdings in NextEra Energy were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. LaFleur & Godfrey LLC raised its position in shares of NextEra Energy by 9.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after buying an additional 400 shares during the period. Brighton Jones LLC raised its position in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of NextEra Energy by 24.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 53,090 shares of the utilities provider's stock valued at $3,806,000 after purchasing an additional 10,275 shares during the last quarter. Finally, McAdam LLC grew its holdings in shares of NextEra Energy by 15.5% during the 4th quarter. McAdam LLC now owns 4,952 shares of the utilities provider's stock worth $355,000 after purchasing an additional 663 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on NEE. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Finally, Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $83.50.

NextEra Energy Stock Up 2.2%

Shares of NextEra Energy stock traded up $1.54 on Thursday, reaching $71.42. 10,667,504 shares of the company were exchanged, compared to its average volume of 11,105,537. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market cap of $147.02 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The stock's 50 day moving average price is $68.41 and its 200-day moving average price is $70.71.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. 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 company earned $0.91 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is currently 84.64%.

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.