NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,197 shares of the utilities provider’s stock after selling 291 shares during the period. Compass Ion Advisors LLC’s holdings in NextEra Energy were worth $2,249,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

NEE has been the subject of a number of recent research reports. Scotiabank increased their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Citigroup boosted their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley increased their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Evercore ISI boosted their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Finally, StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Stock Performance

Shares of NEE stock opened at $70.81 on Monday. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The firm’s 50 day moving average price is $73.25 and its 200-day moving average price is $64.52. The firm has a market cap of $145.48 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.42 and a beta of 0.54.

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

NextEra Energy Announces Dividend

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

NextEra Energy 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.