Northstar Advisory Group LLC Has $381,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Northstar Advisory Group LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 58.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,380 shares of the utilities provider's stock after selling 7,568 shares during the period. Northstar Advisory Group LLC's holdings in NextEra Energy were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NEE. Norges Bank acquired a new position in NextEra Energy during the 4th quarter worth $3,484,197,000. Boston Partners bought a new stake in NextEra Energy during the 4th quarter valued at approximately $244,169,000. Two Sigma Advisers LP acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $240,269,000. Amundi increased its position in NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock worth $676,008,000 after buying an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of NextEra Energy by 46.7% during the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after buying an additional 2,517,369 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NEE opened at $72.16 on Monday. The business's fifty day moving average is $68.45 and its 200 day moving average is $70.55. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month 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 stock has a market cap of $148.55 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. 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 company posted $0.91 earnings per share. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's payout ratio is currently 84.64%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Barclays lowered their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, 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. Eight equities research 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.50.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $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 available through the SEC website. 0.20% of the stock is currently 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.

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