Csenge Advisory Group Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Csenge Advisory Group lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 25.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,836 shares of the utilities provider's stock after selling 5,732 shares during the quarter. Csenge Advisory Group's holdings in NextEra Energy were worth $1,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the 4th quarter worth $36,000. Hughes Financial Services LLC purchased a new stake in NextEra Energy in the 1st quarter valued at about $40,000. Finally, Graney & King LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth $46,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 1.8%

NextEra Energy stock traded up $1.38 during trading hours on Tuesday, hitting $77.55. The stock had a trading volume of 9,026,572 shares, compared to its average volume of 11,027,664. The business's 50 day simple moving average is $72.09 and its 200-day simple moving average is $70.32. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The stock has a market cap of $159.65 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 2.68 and a beta of 0.67. 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 issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $6.58 billion. During the same period last year, the company posted $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors 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 yield of 2.92%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Analyst Ratings Changes

NEE has been the subject of a number of recent analyst reports. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.42.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by company insiders.

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.