GM Advisory Group LLC Reduces Holdings in NextEra Energy, Inc. $NEE

GM Advisory Group LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the first quarter, Holdings Channel.com reports. The fund owned 13,898 shares of the utilities provider’s stock after selling 705 shares during the period. GM Advisory Group LLC’s holdings in NextEra Energy were worth $985,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NEE. Brighton Jones LLC grew its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the last quarter. First Trust Advisors LP grew its stake in shares of NextEra Energy by 355.6% during the fourth quarter. First Trust Advisors LP now owns 1,049,949 shares of the utilities provider’s stock worth $75,271,000 after acquiring an additional 819,518 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of NextEra Energy by 3.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 223,373 shares of the utilities provider’s stock worth $16,016,000 after acquiring an additional 8,117 shares during the last quarter. Finally, IHT Wealth Management LLC grew its stake in shares of NextEra Energy by 1.2% during the fourth quarter. IHT Wealth Management LLC now owns 52,805 shares of the utilities provider’s stock worth $3,786,000 after acquiring an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.1%

Shares of NYSE:NEE opened at $76.5420 on Wednesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a market capitalization of $157.62 billion, a PE ratio of 26.76, a PEG ratio of 2.61 and a beta of 0.63. The business has a 50 day moving average of $72.90 and a two-hundred day moving average of $70.68. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the company posted $0.96 earnings per share. NextEra Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NEE shares. Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 18th. UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. HSBC dropped their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. BMO Capital Markets upped their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $84.42.

Insider Activity at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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.