Integrated Advisors Network LLC Sells 42,427 Shares of NextEra Energy, Inc. (NYSE:NEE)

Integrated Advisors Network LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 56.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,662 shares of the utilities provider's stock after selling 42,427 shares during the quarter. Integrated Advisors Network LLC's holdings in NextEra Energy were worth $2,315,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NEE. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $44,000. Finally, Promus Capital LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $45,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 now owns 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company lowered their price target 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. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Eight 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.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.82 on Thursday, reaching $73.82. The company's stock had a trading volume of 11,022,182 shares, compared to its average volume of 11,051,898. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market cap of $151.97 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.45 and a beta of 0.68. The business's fifty day moving average price is $68.61 and its 200 day moving average price is $70.55. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business's revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

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.