NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,489 shares of the utilities provider's stock after selling 25,378 shares during the period. Atria Wealth Solutions Inc.'s holdings in NextEra Energy were worth $7,265,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Somerset Trust Co raised its stake in shares of NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after buying an additional 4,445 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of NextEra Energy during the 1st quarter worth approximately $783,000. Viking Fund Management LLC raised its stake in shares of NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after buying an additional 200,000 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of NextEra Energy by 2.2% during the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after buying an additional 8,472 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of NextEra Energy by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after buying an additional 5,949 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on 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 sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,361 shares of company stock worth $2,365,398 over the last quarter. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NextEra Energy stock opened at $70.59 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a fifty day moving average of $72.45 and a two-hundred day moving average of $70.52. The company has a market capitalization of $145.37 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.45 and a beta of 0.63. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NEE. HSBC cut their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.42.

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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