Foundations Investment Advisors LLC Sells 5,290 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Foundations Investment Advisors LLC reduced its stake in NextEra Energy by 31.2%, selling 5,290 shares and leaving them with 11,659 shares valued at approximately $827,000.
• Multiple hedge funds increased their holdings in NextEra Energy during the first quarter, with notable increases including Purkiss Capital Advisors LLC by 29.2% and Metis Global Partners LLC by 16.1%.
• NextEra Energy recently announced a $0.5665 quarterly dividend, reflecting an annualized payout of $2.27 and a dividend yield of 3.19%.

Foundations Investment Advisors LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 31.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,659 shares of the utilities provider's stock after selling 5,290 shares during the period. Foundations Investment Advisors LLC's holdings in NextEra Energy were worth $827,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NEE. Purkiss Capital Advisors LLC raised its stake in shares of NextEra Energy by 29.2% during the first quarter. Purkiss Capital Advisors LLC now owns 6,824 shares of the utilities provider's stock valued at $484,000 after purchasing an additional 1,541 shares during the period. Baldwin Investment Management LLC increased its stake in shares of NextEra Energy by 2.2% in the first quarter. Baldwin Investment Management LLC now owns 36,226 shares of the utilities provider's stock worth $2,568,000 after buying an additional 788 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of NextEra Energy by 13.0% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 13,718 shares of the utilities provider's stock worth $972,000 after buying an additional 1,575 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of NextEra Energy by 16.1% in the first quarter. Metis Global Partners LLC now owns 208,408 shares of the utilities provider's stock worth $14,774,000 after buying an additional 28,929 shares during the last quarter. Finally, First National Advisers LLC increased its stake in shares of NextEra Energy by 13.1% in the first quarter. First National Advisers LLC now owns 95,478 shares of the utilities provider's stock worth $6,769,000 after buying an additional 11,039 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Seven equities 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 has an average rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.65 during midday trading on Friday, hitting $70.41. The company's stock had a trading volume of 6,627,959 shares, compared to its average volume of 9,376,540. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock's 50-day moving average price is $72.26 and its 200-day moving average price is $70.52. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a market capitalization of $144.99 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The business's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The shares were 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 approximately $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,361 shares of company stock valued at $2,365,398 in the last 90 days. 0.20% of the stock is currently owned by corporate 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.