NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Arlington Trust Co LLC

Arlington Trust Co LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,721 shares of the utilities provider’s stock after selling 343 shares during the quarter. Arlington Trust Co LLC’s holdings in NextEra Energy were worth $264,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NEE. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth about $33,000. Copia Wealth Management acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $36,000. Promus Capital LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $45,000. Finally, Graney & King LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NEE. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley cut 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. Barclays cut their price objective 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. 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 report on Tuesday, March 11th. Finally, UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.55.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NEE stock traded up $0.21 during mid-day trading on Wednesday, reaching $73.27. 944,492 shares of the stock traded hands, compared to its average volume of 10,986,220. The firm has a market capitalization of $150.83 billion, a PE ratio of 27.45, a P/E/G ratio of 2.44 and a beta of 0.67. The business has a 50-day moving average of $70.21 and a two-hundred day moving average of $70.11. 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 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter last year, the company earned $0.91 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.09%. NextEra Energy’s dividend payout ratio is 85.02%.

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.