Pinnacle Wealth Planning Services Inc. Sells 5,856 Shares of NextEra Energy, Inc. (NYSE:NEE)

Pinnacle Wealth Planning Services Inc. lessened its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 59.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,012 shares of the utilities provider's stock after selling 5,856 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in NextEra Energy were worth $288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy in the fourth quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $45,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company lowered their price objective 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. BMO Capital Markets dropped their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Finally, Guggenheim reaffirmed a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Stock Up 2.1%

NextEra Energy stock traded up $1.48 during midday trading on Friday, hitting $70.47. 18,800,654 shares of the stock were exchanged, compared to its average volume of 11,121,064. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business's 50-day moving average price is $68.40 and its 200-day moving average price is $70.79. The stock has a market capitalization of $145.07 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results 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 analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on 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 sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.