Bleakley Financial Group LLC Sells 4,711 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bleakley Financial Group LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 42,722 shares of the utilities provider’s stock after selling 4,711 shares during the quarter. Bleakley Financial Group LLC’s holdings in NextEra Energy were worth $3,293,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Appleton Partners Inc. MA grew its holdings in shares of NextEra Energy by 3.3% during the first quarter. Appleton Partners Inc. MA now owns 13,360 shares of the utilities provider’s stock valued at $1,030,000 after buying an additional 432 shares during the last quarter. Trust Co. of Virginia VA lifted its position in NextEra Energy by 14.0% in the 1st quarter. Trust Co. of Virginia VA now owns 8,776 shares of the utilities provider’s stock valued at $676,000 after acquiring an additional 1,075 shares in the last quarter. Central Bank & Trust Co. boosted its stake in NextEra Energy by 2.7% during the 1st quarter. Central Bank & Trust Co. now owns 5,511 shares of the utilities provider’s stock valued at $425,000 after purchasing an additional 143 shares during the last quarter. Mission Wealth Management LP increased its holdings in shares of NextEra Energy by 9.7% in the 1st quarter. Mission Wealth Management LP now owns 36,563 shares of the utilities provider’s stock worth $2,818,000 after purchasing an additional 3,230 shares in the last quarter. Finally, PFG Advisors raised its stake in shares of NextEra Energy by 3.6% in the first quarter. PFG Advisors now owns 30,032 shares of the utilities provider’s stock worth $2,315,000 after purchasing an additional 1,042 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Guggenheim reduced their price objective on NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, August 30th. StockNews.com began coverage on shares of NextEra Energy in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Royal Bank of Canada cut their target price on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Morgan Stanley lowered their price target on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.90.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $74.90, for a total transaction of $299,600.00. Following the completion of the transaction, the executive vice president now directly owns 11,292 shares in the company, valued at $845,770.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Kirk S. Hachigian purchased 10,000 shares of NextEra Energy stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $67.95 per share, with a total value of $679,500.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at $1,019,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert Coffey sold 4,000 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $74.90, for a total value of $299,600.00. Following the completion of the sale, the executive vice president now owns 11,292 shares in the company, valued at approximately $845,770.80. The disclosure for this sale can be found here. Insiders have bought 27,600 shares of company stock valued at $1,960,836 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

NYSE NEE opened at $66.25 on Friday. NextEra Energy, Inc. has a 52-week low of $65.36 and a 52-week high of $91.06. The firm’s 50 day moving average price is $70.47 and its 200-day moving average price is $73.61. The company has a market cap of $134.07 billion, a PE ratio of 16.40, a P/E/G ratio of 2.52 and a beta of 0.47. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.45 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $6.68 billion. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. During the same quarter in the prior year, the company posted $0.81 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.11 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Wednesday, August 30th will be issued a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a yield of 2.82%. The ex-dividend date is Tuesday, August 29th. NextEra Energy’s dividend payout ratio (DPR) is 46.29%.

NextEra Energy 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, coal, and natural gas facilities. 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.