Annex Advisory Services LLC Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Annex Advisory Services LLC lessened its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,780 shares of the utilities provider’s stock after selling 379 shares during the period. Annex Advisory Services LLC’s holdings in NextEra Energy were worth $433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NEE. Avitas Wealth Management LLC increased its stake in shares of NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after purchasing an additional 1,057 shares in the last quarter. Stiles Financial Services Inc lifted its holdings in NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 2,899 shares in the last quarter. Janney Capital Management LLC increased its position in NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after purchasing an additional 4,047 shares during the period. Asio Capital LLC acquired a new position in NextEra Energy during the 4th quarter valued at approximately $2,701,000. Finally, AJOVista LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at $162,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock traded down $0.91 during trading on Tuesday, hitting $72.94. The company had a trading volume of 2,926,206 shares, compared to its average volume of 11,851,004. The company has a fifty day moving average price of $72.51 and a two-hundred day moving average price of $64.17. 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 company has a market cap of $149.86 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.49 and a beta of 0.56. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share 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 was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.82%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NEE shares. BMO Capital Markets upped their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Bank of America raised their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Scotiabank lifted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a report on Wednesday, June 12th. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $76.50.

Read Our Latest Stock Report on NextEra Energy

NextEra Energy Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEFree Report).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.