Strengthening Families & Communities LLC Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Strengthening Families & Communities LLC reduced its stake in NextEra Energy, Inc. by 87.6%, owning only 4,229 shares after selling a significant portion during the first quarter.
• Several institutional investors increased their holdings in NextEra Energy, with Viking Fund Management lifting its stake by 67.8%, now owning 495,000 shares valued at over $35 million.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, reflecting a yield of 3.1% and maintaining a dividend payout ratio of 79.37%.

Strengthening Families & Communities LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 87.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,229 shares of the utilities provider's stock after selling 29,775 shares during the period. Strengthening Families & Communities LLC's holdings in NextEra Energy were worth $300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Cim LLC boosted its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares during the last quarter. Conning Inc. raised its stake in shares of NextEra Energy by 1.1% in the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares during the period. Wealth Dimensions Group Ltd. boosted its position in NextEra Energy by 4.3% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock worth $278,000 after acquiring an additional 161 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after purchasing an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC lifted its position in shares of NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after purchasing an additional 168 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 0.5%

NEE traded down $0.40 during trading on Thursday, hitting $71.90. 3,468,747 shares of the company's stock were exchanged, compared to its average volume of 11,837,811. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week 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 business's 50 day moving average is $72.67 and its two-hundred day moving average is $70.59. The stock has a market cap of $148.07 billion, a P/E ratio of 25.15, a PEG ratio of 2.47 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the business posted $0.96 earnings per share. NextEra Energy's revenue was up 10.4% on a year-over-year basis. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is currently 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Barclays increased their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $84.42.

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.