Fishman Jay A Ltd. MI Sells 2,809 Shares of NextEra Energy, Inc. (NYSE:NEE)

Fishman Jay A Ltd. MI cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,710 shares of the utilities provider’s stock after selling 2,809 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in NextEra Energy were worth $2,461,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NEE. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at about $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter valued at about $36,000. Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at about $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at about $45,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NEE stock opened at $71.61 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market cap of $147.41 billion, a P/E ratio of 26.82, a PEG ratio of 2.52 and a beta of 0.68. The stock’s 50-day moving average is $69.57 and its 200 day moving average is $70.32. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly 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. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. NextEra Energy’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy’s dividend payout ratio is presently 84.64%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NEE. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets dropped their price objective 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. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Finally, Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.50.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.