Forvis Mazars Wealth Advisors LLC Trims Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Forvis Mazars Wealth Advisors LLC reduced its stake in NextEra Energy by 24.3%, owning 26,165 shares valued at approximately $1.86 million after selling 8,421 shares in the last quarter.
• Institutional investors hold 78.72% of NextEra Energy's stock, with significant increases in holdings by GQG Partners LLC and Northern Trust Corp during the first quarter.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, which will be paid to stockholders on September 15th, reflecting a 3.0% dividend yield.

Forvis Mazars Wealth Advisors LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,165 shares of the utilities provider's stock after selling 8,421 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in NextEra Energy were worth $1,855,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $30,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the first quarter valued at about $35,000. Copia Wealth Management purchased a new position in NextEra Energy during the fourth quarter valued at $36,000. CBIZ Investment Advisory Services LLC grew its position in shares of NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC purchased a new stake in shares of NextEra Energy in the 1st quarter worth about $40,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 1.1%

NYSE:NEE traded up $0.8220 during mid-day trading on Tuesday, reaching $76.5420. The company's stock had a trading volume of 8,046,120 shares, compared to its average volume of 9,502,599. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock has a fifty day moving average of $72.90 and a 200-day moving average of $70.68. The firm has a market capitalization of $157.62 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.61 and a beta of 0.63. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy's revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current 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 paid a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy's dividend payout ratio is presently 79.37%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NEE shares. 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 report on Monday, July 21st. 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 research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently 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.