Focus Partners Advisor Solutions LLC Sells 4,081 Shares of NextEra Energy, Inc. (NYSE:NEE)

Focus Partners Advisor Solutions LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,907 shares of the utilities provider's stock after selling 4,081 shares during the period. Focus Partners Advisor Solutions LLC's holdings in NextEra Energy were worth $2,574,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $28,000. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $33,000. Luken Investment Analytics LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 1.3%

Shares of NYSE:NEE traded up $0.88 during midday trading on Friday, hitting $67.82. The company had a trading volume of 17,155,250 shares, compared to its average volume of 11,151,600. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $139.62 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.45 and a beta of 0.69. The firm has a fifty day simple moving average of $68.57 and a 200 day simple moving average of $71.02.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) 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 period last year, the company earned $0.91 EPS. The firm's revenue was up 9.0% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.34%. NextEra Energy's dividend payout ratio is presently 84.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NEE shares. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. UBS Group dropped their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 directly owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

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.