Raleigh Capital Management Inc. Sells 4,596 Shares of NextEra Energy, Inc. (NYSE:NEE)

Raleigh Capital Management Inc. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 86.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 703 shares of the utilities provider's stock after selling 4,596 shares during the period. Raleigh Capital Management Inc.'s holdings in NextEra Energy were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the fourth quarter worth about $36,000. Mascoma Wealth Management LLC boosted its holdings in shares of NextEra Energy by 41.3% in the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after buying an additional 188 shares during the period. Finally, Graney & King LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $46,000. Institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other 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 value of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group decreased 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. Morgan Stanley decreased their price target 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. Finally, Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.73.

NextEra Energy Stock Down 0.4%

NYSE NEE traded down $0.29 during trading on Friday, reaching $74.35. The company's stock had a trading volume of 8,094,042 shares, compared to its average volume of 11,113,128. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $153.06 billion, a PE ratio of 27.85, a PEG ratio of 2.62 and a beta of 0.67. The business has a 50-day moving average price of $71.35 and a 200-day moving average price of $70.22. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. On average, research analysts forecast 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 was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is 85.02%.

About NextEra Energy

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.