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

Quadcap Wealth Management LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,268 shares of the utilities provider's stock after selling 4,769 shares during the period. Quadcap Wealth Management LLC's holdings in NextEra Energy were worth $1,310,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC lifted its stake in NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after acquiring an additional 41,328 shares during the period. True North Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $3,015,000. HB Wealth Management LLC increased its position in shares of NextEra Energy by 3.1% during the 4th quarter. HB Wealth Management LLC now owns 170,426 shares of the utilities provider's stock valued at $12,218,000 after purchasing an additional 5,174 shares during the last quarter. Finally, MCF Advisors LLC increased its holdings in NextEra Energy by 33.0% in the 4th quarter. MCF Advisors LLC now owns 21,211 shares of the utilities provider's stock worth $1,521,000 after acquiring an additional 5,260 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 0.2%

Shares of NEE opened at $72.23 on Thursday. The firm has a market capitalization of $148.69 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average price of $68.74 and a 200-day moving average price of $71.40.

NextEra Energy (NYSE:NEE - Get Free Report) last issued 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 analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.14%. NextEra Energy's payout ratio is currently 84.64%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several analyst reports. Guggenheim reissued a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets lowered their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Barclays lowered their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $83.46.

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.

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