NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,416 shares of the utilities provider's stock after selling 9,004 shares during the period. NextEra Energy comprises approximately 1.8% of Global Trust Asset Management LLC's investment portfolio, making the stock its 12th biggest holding. Global Trust Asset Management LLC's holdings in NextEra Energy were worth $3,007,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NEE. Empower Advisory Group LLC grew its position in shares of NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after buying an additional 41,328 shares during the last quarter. Somerset Trust Co grew its holdings in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Viking Fund Management LLC grew its holdings in NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after purchasing an additional 200,000 shares during the last quarter. Congress Asset Management Co. grew its stake in NextEra Energy by 9.4% during the 4th quarter. Congress Asset Management Co. now owns 202,954 shares of the utilities provider's stock worth $14,550,000 after buying an additional 17,448 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in NextEra Energy by 12.0% during the 4th quarter. Principal Securities Inc. now owns 58,152 shares of the utilities provider's stock worth $4,169,000 after buying an additional 6,231 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE NEE traded down $0.32 during trading hours on Wednesday, hitting $71.54. The company had a trading volume of 7,203,232 shares, compared to its average volume of 11,026,806. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market cap of $147.28 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.53 and a beta of 0.68. The business has a 50 day moving average of $69.28 and a 200-day moving average of $70.38.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.17%. NextEra Energy's payout ratio is currently 85.02%.

Analyst Ratings Changes

Several brokerages recently weighed in on NEE. Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday. 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. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company dropped their price objective 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. Finally, Barclays dropped their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.50.

Insider Activity at NextEra Energy

In related 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 transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

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.