Private Advisor Group LLC Sells 64,459 Shares of NextEra Energy, Inc. (NYSE:NEE)

Private Advisor Group LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEEGet Rating) by 25.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,208 shares of the utilities provider’s stock after selling 64,459 shares during the quarter. Private Advisor Group LLC’s holdings in NextEra Energy were worth $17,291,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $31,000. Horan Securities Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $44,000. Ahrens Investment Partners LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $45,000. Covestor Ltd acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $52,000. Finally, Ten Capital Wealth Advisors LLC grew its position in shares of NextEra Energy by 201.0% during the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 575 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 384 shares in the last quarter. 77.89% of the stock is currently owned by hedge funds and other institutional investors.

In other NextEra Energy news, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The stock was purchased at an average price of $70.19 per share, with a total value of $701,900.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $350,950. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, March 29th. Morgan Stanley increased their price target on shares of NextEra Energy from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 20th. KeyCorp increased their price target on shares of NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. Wells Fargo & Company increased their price target 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. Finally, TheStreet lowered shares of NextEra Energy from a “b” rating to a “c+” rating in a research report on Thursday, April 21st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $89.44.

NextEra Energy stock traded up $0.72 during mid-day trading on Tuesday, reaching $70.84. The company had a trading volume of 83,904 shares, compared to its average volume of 11,739,062. NextEra Energy, Inc. has a fifty-two week low of $67.22 and a fifty-two week high of $93.73. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. The company has a market cap of $139.17 billion, a P/E ratio of 94.76, a P/E/G ratio of 2.82 and a beta of 0.49. The business has a fifty day simple moving average of $79.16 and a 200 day simple moving average of $82.17.

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

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were paid a dividend of $0.425 per share. The ex-dividend date was Monday, February 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.40%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.39. NextEra Energy’s dividend payout ratio (DPR) is presently 229.73%.

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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