Solidarity Wealth LLC Sells 35,377 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Solidarity Wealth LLC significantly reduced its holdings in NextEra Energy by 46.3%, owning 40,954 shares after selling 35,377 shares in the first quarter.
• NextEra Energy has seen mixed ratings from analysts, with seven holding a hold rating and eight issuing buy ratings, while the average target price is $84.42.
• The company reported $1.05 earnings per share for the last quarter, exceeding estimates, although its revenue of $6.70 billion fell short of the expected $7.52 billion.

Solidarity Wealth LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,954 shares of the utilities provider's stock after selling 35,377 shares during the quarter. Solidarity Wealth LLC's holdings in NextEra Energy were worth $2,903,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NEE. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $30,000. IMA Advisory Services Inc. bought a new position in NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $36,000. CBIZ Investment Advisory Services LLC grew its stake 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 valued at $37,000 after purchasing an additional 366 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in shares of NextEra Energy in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. UBS Group cut their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Barclays boosted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The sale 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 that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,361 shares of company stock valued at $2,365,398. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Trading Down 0.2%

Shares of NYSE:NEE traded down $0.12 during midday trading on Thursday, hitting $70.88. The company had a trading volume of 3,790,626 shares, compared to its average volume of 12,140,658. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The firm has a fifty day simple moving average of $72.13 and a 200 day simple moving average of $70.47. The stock has a market cap of $145.95 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.48 and a beta of 0.67.

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

NextEra Energy Announces Dividend

The company also recently announced 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. This represents a $2.27 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's payout ratio is presently 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.