NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Atticus Wealth Management LLC

Atticus Wealth Management LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,413 shares of the utilities provider’s stock after selling 163 shares during the quarter. Atticus Wealth Management LLC’s holdings in NextEra Energy were worth $1,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avitas Wealth Management LLC increased its stake in shares of NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after acquiring an additional 1,057 shares during the last quarter. Stiles Financial Services Inc increased its stake in shares of NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Janney Capital Management LLC increased its position in NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after purchasing an additional 4,047 shares in the last quarter. Asio Capital LLC acquired a new stake in NextEra Energy during the 4th quarter worth approximately $2,701,000. Finally, AJOVista LLC acquired a new stake in NextEra Energy during the 4th quarter worth approximately $162,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 3.9 %

Shares of NextEra Energy stock traded down $2.91 on Friday, hitting $70.81. 23,935,557 shares of the company’s stock traded hands, compared to its average volume of 12,340,414. The stock has a market cap of $145.48 billion, a P/E ratio of 19.29, a PEG ratio of 2.42 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average is $73.25 and its 200 day moving average is $64.50. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Ratings Changes

A number of research firms recently issued reports on NEE. Royal Bank of Canada increased their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Bank of America increased their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Citigroup increased their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.57.

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.