AE Wealth Management LLC Sells 5,756 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• AE Wealth Management LLC has reduced its holdings in NextEra Energy, Inc. by 10.0%, now owning 51,632 shares valued at approximately $3.66 million.
• NextEra Energy's quarterly earnings surpassed estimates with an EPS of $1.05, although revenue fell short at $6.70 billion.
• Several Wall Street analysts have adjusted their target prices for NextEra Energy, with a consensus rating of "Moderate Buy" and an average target price of $84.42.

AE Wealth Management LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,632 shares of the utilities provider's stock after selling 5,756 shares during the quarter. AE Wealth Management LLC's holdings in NextEra Energy were worth $3,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC acquired a new position in NextEra Energy in the 4th quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $33,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy in the 1st quarter worth $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the fourth quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of NextEra Energy by 237.7% during the first 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 last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.60 during midday trading on Tuesday, reaching $71.94. The company's stock had a trading volume of 2,647,462 shares, compared to its average volume of 12,198,991. The firm has a market capitalization of $148.15 billion, a PE ratio of 25.12, a P/E/G ratio of 2.48 and a beta of 0.67. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a fifty day moving average of $72.19 and a 200 day moving average of $70.46.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for 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 for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared 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. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 completion of the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on 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 directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

NextEra Energy Company 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.