Western Wealth Management LLC Reduces Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Western Wealth Management LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 74.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,296 shares of the utilities provider's stock after selling 32,619 shares during the quarter. Western Wealth Management LLC's holdings in NextEra Energy were worth $810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $36,000. Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $44,000. Finally, Promus Capital LLC bought a new position in NextEra Energy during the fourth quarter worth $45,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 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 in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE traded up $1.41 during trading on Thursday, hitting $68.62. 4,478,138 shares of the company's stock traded hands, compared to its average volume of 11,107,996. The stock has a market capitalization of $141.26 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The business has a 50 day moving average of $68.38 and a 200-day moving average of $70.89. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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 paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Analysts Set New Price Targets

A number of analysts recently weighed in on NEE shares. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays dropped 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. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Finally, BMO Capital Markets decreased their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $83.50.

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.