NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Lynch & Associates IN

Lynch & Associates IN cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,796 shares of the utilities provider’s stock after selling 596 shares during the quarter. Lynch & Associates IN’s holdings in NextEra Energy were worth $4,239,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NEE. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $33,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $36,000. Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $44,000. Finally, Promus Capital LLC acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NEE shares. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Barclays lowered their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.50.

NextEra Energy Trading Down 1.3%

Shares of NYSE NEE opened at $73.80 on Tuesday. The stock’s 50 day simple moving average is $69.19 and its 200 day simple moving average is $70.37. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market cap of $151.93 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s payout ratio is 84.64%.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

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.