Proactive Wealth Strategies LLC Has $575,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Proactive Wealth Strategies LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the first quarter, HoldingsChannel.com reports. The fund owned 8,118 shares of the utilities provider’s stock after selling 349 shares during the period. Proactive Wealth Strategies LLC’s holdings in NextEra Energy were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new stake in NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at about $33,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $36,000. Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth about $44,000. Finally, Promus Capital LLC bought a new position in NextEra Energy in the 4th quarter valued at about $45,000. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $70.82 on Tuesday. The stock has a market cap of $145.79 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 2.52 and a beta of 0.68. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company’s fifty day moving average is $69.63 and its 200 day moving average is $70.21.

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, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s dividend payout ratio is 85.02%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Barclays decreased their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $84.50.

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.