NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,147 shares of the utilities provider's stock after selling 5,625 shares during the quarter. Moloney Securities Asset Management LLC's holdings in NextEra Energy were worth $2,846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Graney & King LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $46,000. Finally, Mascoma Wealth Management LLC grew its position in shares of NextEra Energy by 41.3% in the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after acquiring an additional 188 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company decreased their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.73.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $0.29 during trading on Friday, hitting $74.35. 8,094,042 shares of the stock were exchanged, compared to its average volume of 11,113,128. The stock's fifty day moving average is $71.35 and its 200 day moving average is $70.22. The stock has a market cap of $153.06 billion, a PE ratio of 27.85, a P/E/G ratio of 2.62 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting 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 21.81% and a return on equity of 12.06%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.05%. NextEra Energy's dividend payout ratio is presently 85.02%.

Insider Transactions at NextEra Energy

In related 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 value of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.