Sapient Capital LLC Has $2.85 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Sapient Capital LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,143 shares of the utilities provider’s stock after selling 555 shares during the quarter. Sapient Capital LLC’s holdings in NextEra Energy were worth $2,846,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. apricus wealth LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth $223,000. Greenwood Capital Associates LLC increased its stake in shares of NextEra Energy by 9.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 78,356 shares of the utilities provider’s stock worth $5,555,000 after purchasing an additional 6,964 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of NextEra Energy by 4.2% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 5,304 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 213 shares during the last quarter. Simon Quick Advisors LLC increased its stake in shares of NextEra Energy by 16.2% during the 1st quarter. Simon Quick Advisors LLC now owns 12,011 shares of the utilities provider’s stock worth $851,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Baker Ellis Asset Management LLC boosted its holdings in shares of NextEra Energy by 6.4% during the 1st quarter. Baker Ellis Asset Management LLC now owns 12,416 shares of the utilities provider’s stock worth $880,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Barclays decreased their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, BMO Capital Markets reduced their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $83.50.

NextEra Energy Price Performance

NYSE:NEE opened at $72.94 on Thursday. The company has a 50-day moving average of $68.61 and a 200-day moving average of $70.55. The company has a market capitalization of $150.16 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s payout ratio is 84.64%.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

About NextEra Energy

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.