NextEra Energy, Inc. (NYSE:NEE) Holdings Decreased by Synergy Asset Management LLC

Synergy Asset Management LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,706 shares of the utilities provider's stock after selling 5,709 shares during the quarter. Synergy Asset Management LLC's holdings in NextEra Energy were worth $404,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LaFleur & Godfrey LLC lifted its holdings in NextEra Energy by 9.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock worth $323,000 after acquiring an additional 400 shares during the last quarter. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $203,000. Finally, Centricity Wealth Management LLC acquired a new position in NextEra Energy during the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $71.61 on Friday. The stock has a market cap of $147.41 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock's 50 day moving average price is $69.57 and its 200 day moving average price is $70.28.

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 the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NEE shares. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. UBS Group dropped their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, 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 report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.50.

Insider Transactions at NextEra Energy

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 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 trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

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.

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