Continuum Advisory LLC Sells 553 Shares of NextEra Energy, Inc. (NYSE:NEE)

Continuum Advisory LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 4.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,083 shares of the utilities provider’s stock after selling 553 shares during the period. Continuum Advisory LLC’s holdings in NextEra Energy were worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy in the fourth quarter valued at $36,000. Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $44,000. Finally, Promus Capital LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $45,000. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.82 on Tuesday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The business has a 50-day simple moving average of $69.63 and a 200 day simple moving average of $70.21. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The stock has a market cap of $145.79 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s payout ratio is 85.02%.

Analyst Ratings Changes

Several analysts have issued reports on NEE shares. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company reduced their price target on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.50.

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.