Fragasso Financial Advisors Inc Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Fragasso Financial Advisors Inc reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 58.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,743 shares of the utilities provider's stock after selling 23,567 shares during the quarter. Fragasso Financial Advisors Inc's holdings in NextEra Energy were worth $1,187,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after acquiring an additional 2,090,538 shares during the last quarter. Norges Bank bought a new position in shares of NextEra Energy in the fourth quarter worth $3,484,197,000. Geode Capital Management LLC boosted its holdings in shares of NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares during the period. Northern Trust Corp grew its position in shares of NextEra Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after purchasing an additional 588,038 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Up 1.3%

Shares of NEE traded up $0.89 during mid-day trading on Tuesday, reaching $71.04. The company's stock had a trading volume of 11,013,541 shares, compared to its average volume of 11,113,646. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market cap of $146.25 billion, a PE ratio of 21.08, a P/E/G ratio of 2.45 and a beta of 0.69. The company's fifty day moving average price is $68.40 and its two-hundred day moving average price is $70.71. 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 posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio is 84.64%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. BMO Capital Markets reduced their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company cut their price target 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. Finally, Barclays reduced their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

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.