Mosaic Family Wealth Partners LLC Trims Stake in NextEra Energy, Inc. (NYSE:NEE)

Mosaic Family Wealth Partners LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.0% during the first quarter, Holdings Channel reports. The fund owned 21,944 shares of the utilities provider’s stock after selling 1,397 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in NextEra Energy were worth $1,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Renasant Bank grew its holdings in shares of NextEra Energy by 1.0% during the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after acquiring an additional 142 shares during the period. Stonebridge Capital Advisors LLC grew its holdings in shares of NextEra Energy by 1.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 143 shares during the period. GSG Advisors LLC boosted its position in shares of NextEra Energy by 2.6% in the 1st quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock worth $407,000 after purchasing an additional 162 shares in the last quarter. Prestige Wealth Management Group LLC boosted its position in shares of NextEra Energy by 2.5% in the 1st quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 163 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its position in shares of NextEra Energy by 2.5% in the 1st quarter. Capital Wealth Planning LLC now owns 6,654 shares of the utilities provider’s stock worth $425,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE traded up $0.81 during mid-day trading on Friday, hitting $79.20. 14,513,109 shares of the company were exchanged, compared to its average volume of 10,270,118. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a 50 day moving average of $73.93 and a 200-day moving average of $66.62. The stock has a market cap of $162.78 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the company posted $0.88 EPS. Analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.60%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NEE. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley boosted their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Finally, Evercore ISI upped their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.29.

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.