Southland Equity Partners LLC Sells 311 Shares of NextEra Energy, Inc. (NYSE:NEE)

Southland Equity Partners LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 1st quarter, Holdings Channel reports. The firm owned 11,340 shares of the utilities provider’s stock after selling 311 shares during the period. Southland Equity Partners LLC’s holdings in NextEra Energy were worth $804,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy in the 4th quarter worth approximately $33,000. Copia Wealth Management bought a new stake in NextEra Energy in the 4th quarter worth approximately $36,000. Midwest Capital Advisors LLC bought a new stake in NextEra Energy in the 4th quarter worth approximately $44,000. Finally, Promus Capital LLC bought a new stake in NextEra Energy in the 4th quarter worth approximately $45,000. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value 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. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price 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 cut their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, UBS Group lowered their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.50.

NextEra Energy Trading Up 1.2%

Shares of NYSE NEE opened at $74.70 on Friday. The business has a fifty day moving average price of $69.00 and a 200 day moving average price of $70.52. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The stock has a market capitalization of $153.78 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period last year, the business posted $0.91 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

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.