Motley Fool Wealth Management LLC Sells 10,134 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in NextEra Energy, Inc. by 7.4% by selling 10,134 shares, bringing its total holdings to 126,714 shares worth approximately $8.98 million.
• Wall Street analysts have mixed ratings on NextEra Energy, with seven analysts rating it as "hold" and eight as "buy", while the consensus target price is at $84.42.
• NextEra Energy declared a quarterly dividend of $0.5665 per share, representing a 3.1% yield with a payout ratio of 79.37%.

Motley Fool Wealth Management LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,714 shares of the utilities provider's stock after selling 10,134 shares during the period. Motley Fool Wealth Management LLC's holdings in NextEra Energy were worth $8,983,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of NEE. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $30,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy in the first quarter worth about $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter worth about $36,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of NextEra Energy in the first quarter worth about $40,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NEE. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Wells Fargo & Company cut their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Finally, Morgan Stanley cut their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Activity at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

NextEra Energy stock opened at $72.42 on Monday. The stock's 50 day moving average is $72.56 and its 200 day moving average is $70.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm has a market cap of $149.13 billion, a P/E ratio of 25.32, a P/E/G ratio of 2.49 and a beta of 0.63. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.1%. NextEra Energy's payout ratio is 79.37%.

NextEra Energy 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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.