Prudent Man Advisors LLC Sells 1,876 Shares of NextEra Energy, Inc. (NYSE:NEE)

Prudent Man Advisors LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,594 shares of the utilities provider’s stock after selling 1,876 shares during the period. NextEra Energy comprises 0.7% of Prudent Man Advisors LLC’s holdings, making the stock its 25th largest position. Prudent Man Advisors LLC’s holdings in NextEra Energy were worth $1,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Camden National Bank increased its holdings in NextEra Energy by 303.2% during the 4th quarter. Camden National Bank now owns 89,975 shares of the utilities provider’s stock worth $6,941,000 after purchasing an additional 67,659 shares in the last quarter. Eagle Capital Management LLC lifted its stake in NextEra Energy by 3.9% in the 2nd quarter. Eagle Capital Management LLC now owns 49,696 shares of the utilities provider’s stock valued at $3,642,000 after purchasing an additional 1,852 shares during the last quarter. Center for Financial Planning Inc. lifted its stake in NextEra Energy by 4.8% in the 3rd quarter. Center for Financial Planning Inc. now owns 34,913 shares of the utilities provider’s stock valued at $2,741,000 after purchasing an additional 1,600 shares during the last quarter. 55I LLC lifted its stake in NextEra Energy by 79.0% in the 3rd quarter. 55I LLC now owns 9,786 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 4,318 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at about $217,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

In other news, Director Kirk S. Hachigian acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were acquired at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $350,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.43% of the company’s stock.

Shares of NEE traded down $1.69 during mid-day trading on Thursday, hitting $68.51. 15,343,632 shares of the company’s stock were exchanged, compared to its average volume of 10,649,146. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $93.73. The stock’s 50-day simple moving average is $79.92 and its 200-day simple moving average is $82.54. The firm has a market cap of $134.59 billion, a price-to-earnings ratio of 94.86, a price-to-earnings-growth ratio of 2.92 and a beta of 0.49. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 1.16.

NextEra Energy (NYSE:NEEGet Rating) last announced its earnings results on Thursday, April 21st. The utilities provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $5.16 billion. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. During the same period last year, the firm earned $0.67 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 2.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.48%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.39. The ex-dividend date was Monday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is 229.73%.

Several equities research analysts recently issued reports on NEE shares. KeyCorp raised their target price on shares of NextEra Energy from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Morgan Stanley raised their target price on shares of NextEra Energy from $84.00 to $88.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 20th. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. TheStreet downgraded shares of NextEra Energy from a “b” rating to a “c+” rating in a research report on Thursday, April 21st. Finally, Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Tuesday, March 29th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $89.44.

About NextEra Energy (Get Rating)

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, coal, and natural gas facilities. 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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