NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,993 shares of the utilities provider's stock after selling 3,875 shares during the period. Cyndeo Wealth Partners LLC's holdings in NextEra Energy were worth $8,223,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEE. Empower Advisory Group LLC boosted its holdings in shares of NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after purchasing an additional 41,328 shares during the period. Somerset Trust Co boosted its holdings in shares of NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after acquiring an additional 4,445 shares during the last quarter. Viking Fund Management LLC boosted its stake in shares of NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after buying an additional 200,000 shares during the last quarter. Congress Asset Management Co. grew its holdings in NextEra Energy by 9.4% in the fourth quarter. Congress Asset Management Co. now owns 202,954 shares of the utilities provider's stock valued at $14,550,000 after purchasing an additional 17,448 shares during the period. Finally, Spectrum Wealth Advisory Group LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $373,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.98 during trading hours on Monday, reaching $73.80. The stock had a trading volume of 14,461,363 shares, compared to its average volume of 11,096,654. The firm has a market cap of $151.93 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm has a 50-day moving average of $69.00 and a 200-day moving average of $70.40. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is currently 84.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. 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. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.50.

Insider Buying and Selling 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 stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company 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.