SeaCrest Wealth Management LLC Sells 2,557 Shares of NextEra Energy, Inc. (NYSE:NEE)

SeaCrest Wealth Management LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 15.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,227 shares of the utilities provider’s stock after selling 2,557 shares during the period. SeaCrest Wealth Management LLC’s holdings in NextEra Energy were worth $909,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Alpine Global Management LLC acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $458,000. Gotham Asset Management LLC lifted its holdings in shares of NextEra Energy by 141.8% during the third quarter. Gotham Asset Management LLC now owns 21,541 shares of the utilities provider’s stock worth $1,234,000 after purchasing an additional 12,634 shares during the period. Schonfeld Strategic Advisors LLC grew its stake in shares of NextEra Energy by 3.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 111,926 shares of the utilities provider’s stock worth $6,412,000 after purchasing an additional 3,412 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in NextEra Energy in the third quarter valued at $784,000. Finally, Alps Advisors Inc. acquired a new position in NextEra Energy during the 3rd quarter worth about $10,774,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NEE shares. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Bank of America raised their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 20th. Finally, BMO Capital Markets boosted their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Up 1.9 %

Shares of NYSE:NEE opened at $71.78 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The business’s 50 day simple moving average is $73.43 and its two-hundred day simple moving average is $64.63. The firm has a market cap of $147.47 billion, a P/E ratio of 19.56, a PEG ratio of 2.42 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (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%. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.

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.