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

Csenge Advisory Group lowered its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 25.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 also recently modified their holdings of the stock. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Hughes Financial Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter valued at $40,000. Finally, Graney & King LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NEE shares. HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays increased their target price 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. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Seven 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $0.86 on Thursday, reaching $71.96. The company's stock had a trading volume of 3,994,832 shares, compared to its average volume of 12,275,960. 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, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a market capitalization of $148.14 billion, a P/E ratio of 26.94, a PEG ratio of 2.73 and a beta of 0.67. The stock has a 50-day moving average price of $72.35 and a 200-day moving average price of $70.42.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the company earned $0.96 EPS. NextEra Energy's revenue was up 10.4% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 yield of 3.15%. NextEra Energy's payout ratio is 84.64%.

Insider Buying and Selling

In other news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% 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.