Kingswood Wealth Advisors LLC Has $6.05 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Kingswood Wealth Advisors LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,270 shares of the utilities provider's stock after selling 6,007 shares during the period. Kingswood Wealth Advisors LLC's holdings in NextEra Energy were worth $6,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the 4th quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth $45,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on NEE shares. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company lowered their price target on 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 lowered their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Barclays reduced their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $84.50.

NextEra Energy Trading Down 2.5%

Shares of NEE stock opened at $71.92 on Wednesday. The stock has a market cap of $148.05 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 2.60 and a beta of 0.68. The stock has a 50-day moving average of $69.28 and a 200-day moving average of $70.38. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. NextEra Energy's payout ratio is 85.02%.

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.

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