Trinity Financial Advisors LLC Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Trinity Financial Advisors LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 51.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,567 shares of the utilities provider’s stock after selling 1,637 shares during the period. Trinity Financial Advisors LLC’s holdings in NextEra Energy were worth $111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy in the fourth quarter worth approximately $33,000. Copia Wealth Management acquired a new stake in NextEra Energy during the fourth quarter worth $36,000. Midwest Capital Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter valued at $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $45,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Guggenheim restated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays lowered their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Finally, UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $83.50.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.3%

NEE stock opened at $72.83 on Wednesday. The company’s 50 day moving average price is $68.49 and its 200 day moving average price is $70.54. The firm has a market capitalization of $149.94 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio is currently 84.64%.

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.