Outlook Wealth Advisors LLC Sells 5,301 Shares of NextEra Energy, Inc. (NYSE:NEE)

Outlook Wealth Advisors LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 64.3% during the first quarter, HoldingsChannel reports. The firm owned 2,943 shares of the utilities provider’s stock after selling 5,301 shares during the period. Outlook Wealth Advisors LLC’s holdings in NextEra Energy were worth $209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the 4th quarter worth about $33,000. Copia Wealth Management purchased a new position in NextEra Energy in the 4th quarter worth about $36,000. Midwest Capital Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth about $44,000. Finally, Promus Capital LLC purchased a new position in NextEra Energy in the 4th quarter worth about $45,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NEE shares. BMO Capital Markets reduced their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays lowered their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $83.50.

NextEra Energy Stock Performance

NEE stock opened at $72.16 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business’s fifty day simple moving average is $68.45 and its two-hundred day simple moving average is $70.55. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a market cap of $148.55 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. NextEra Energy’s dividend payout ratio is currently 84.64%.

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.