NextEra Energy, Inc. (NYSE:NEE) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,153 shares of the utilities provider’s stock after selling 1,795 shares during the quarter. LS Investment Advisors LLC’s holdings in NextEra Energy were worth $3,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management purchased a new position in NextEra Energy during the 4th quarter worth $36,000. Midwest Capital Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth $44,000. Finally, Promus Capital LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NEE. UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Guggenheim reaffirmed a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price 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. Finally, Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The shares were 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 directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $69.87 on Thursday. The stock has a market cap of $143.84 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company’s 50-day moving average price is $68.41 and its 200 day moving average price is $70.71. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. The firm 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.24%. NextEra Energy’s payout ratio is 84.64%.

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.