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NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Trimmed by Wealthspire Advisors LLC

NextEra Energy logo with Utilities background

Key Points

  • Wealthspire Advisors LLC reduced its holdings in NextEra Energy, Inc. by 14.8%, owning 34,383 shares after selling 5,977 shares in the 1st quarter.
  • NextEra Energy reported a $1.05 EPS in its latest quarterly earnings, exceeding estimates, though its revenue fell short at $6.70 billion.
  • The company declared a quarterly dividend of $0.5665 per share, reflecting a 3.1% dividend yield and a payout ratio of 79.37%.
  • Looking to Export and Analyze NextEra Energy Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Wealthspire Advisors LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 14.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,383 shares of the utilities provider's stock after selling 5,977 shares during the period. Wealthspire Advisors LLC's holdings in NextEra Energy were worth $2,437,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the period. Trexquant Investment LP purchased a new position in shares of NextEra Energy in the 4th quarter worth about $874,000. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of NextEra Energy by 15.6% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,641 shares of the utilities provider's stock worth $1,121,000 after purchasing an additional 2,113 shares during the period. Finally, Bank of Nova Scotia raised its holdings in shares of NextEra Energy by 281.1% in the 4th quarter. Bank of Nova Scotia now owns 1,029,556 shares of the utilities provider's stock worth $73,809,000 after purchasing an additional 759,419 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.2%

NYSE NEE traded down $0.16 during mid-day trading on Friday, reaching $72.42. 5,575,056 shares of the company's stock traded hands, compared to its average volume of 8,816,330. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a fifty day simple moving average of $72.56 and a 200-day simple moving average of $70.56. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The company has a market cap of $149.13 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 2.49 and a beta of 0.63.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share 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 firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the firm earned $0.96 EPS. NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, August 28th. NextEra Energy's payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. 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 report on Wednesday, June 18th. Barclays raised their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Finally, UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

View Our Latest Stock Analysis on NextEra Energy

Insider Buying and Selling

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

NextEra Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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