Impact Capital Partners LLC Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Impact Capital Partners LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 56.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,573 shares of the utilities provider’s stock after selling 17,483 shares during the quarter. Impact Capital Partners LLC’s holdings in NextEra Energy were worth $962,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC grew its stake in NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after buying an additional 5,831 shares during the period. Empower Advisory Group LLC grew its stake in NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after buying an additional 41,328 shares during the period. Somerset Trust Co grew its stake in NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock worth $6,359,000 after buying an additional 4,445 shares during the period. Fortress Financial Solutions LLC purchased a new stake in NextEra Energy during the fourth quarter worth approximately $315,000. Finally, Asset Planning Inc acquired a new position in shares of NextEra Energy during the fourth quarter worth $560,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Barclays reduced their target price on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Trading Up 0.9%

NEE opened at $72.16 on Friday. The stock has a market capitalization of $148.55 billion, a PE ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68. The firm’s fifty day moving average price is $68.45 and its 200 day moving average price is $70.64. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. NextEra Energy’s dividend payout ratio (DPR) 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.