NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 21.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,303 shares of the utilities provider’s stock after selling 6,724 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in NextEra Energy were worth $1,617,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NEE. Clear Investment Research LLC increased its holdings in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. increased its stake in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the period. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NEE. Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a report on Wednesday, June 12th. Barclays cut their price objective on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, June 13th. Citigroup boosted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $77.57.

NextEra Energy Stock Performance

Shares of NEE stock opened at $70.81 on Friday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average price is $73.25 and its 200 day moving average price is $64.50. The stock has a market capitalization of $145.48 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.91%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.