Aviance Capital Partners LLC Sells 321 Shares of NextEra Energy, Inc. (NYSE:NEE)

Aviance Capital Partners LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,181 shares of the utilities provider’s stock after selling 321 shares during the period. Aviance Capital Partners LLC’s holdings in NextEra Energy were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Mirador Capital Partners LP increased its holdings in NextEra Energy by 35.2% in the first quarter. Mirador Capital Partners LP now owns 5,379 shares of the utilities provider’s stock valued at $344,000 after purchasing an additional 1,400 shares during the period. Chapin Davis Inc. raised its position in shares of NextEra Energy by 206.0% during the first quarter. Chapin Davis Inc. now owns 12,891 shares of the utilities provider’s stock worth $824,000 after acquiring an additional 8,678 shares during the last quarter. Oak Asset Management LLC lifted its stake in shares of NextEra Energy by 13.8% in the first quarter. Oak Asset Management LLC now owns 7,899 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 960 shares during the period. Roberts Wealth Advisors LLC boosted its holdings in NextEra Energy by 2.9% in the first quarter. Roberts Wealth Advisors LLC now owns 66,362 shares of the utilities provider’s stock valued at $4,164,000 after acquiring an additional 1,884 shares during the last quarter. Finally, Citizens Business Bank bought a new position in NextEra Energy during the 1st quarter worth approximately $206,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $69.90 on Tuesday. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The stock has a market cap of $143.61 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The stock’s fifty day simple moving average is $73.25 and its two-hundred day simple moving average is $64.52.

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

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.95%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NEE shares. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a report on Wednesday, June 12th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Barclays cut their price target on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, June 13th. Royal Bank of Canada lifted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Citigroup increased their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

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.