Opus Capital Group LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 28.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,335 shares of the utilities provider’s stock after selling 6,379 shares during the quarter. Opus Capital Group LLC’s holdings in NextEra Energy were worth $1,235,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Arlington Partners LLC raised its holdings in shares of NextEra Energy by 97.0% in the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 162 shares during the last quarter. Avion Wealth increased its stake in NextEra Energy by 300.0% in the 4th quarter. Avion Wealth now owns 336 shares of the utilities provider’s stock valued at $26,000 after buying an additional 252 shares during the last quarter. Hoover Financial Advisors Inc. purchased a new stake in NextEra Energy in the 4th quarter valued at about $29,000. Safeguard Investment Advisory Group LLC purchased a new stake in NextEra Energy in the 4th quarter valued at about $29,000. Finally, Northwest Investment Counselors LLC purchased a new stake in NextEra Energy in the 1st quarter valued at about $29,000. 19.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:NEE traded down $1.25 during trading on Tuesday, reaching $75.45. The stock had a trading volume of 103,817 shares, compared to its average volume of 8,816,527. NextEra Energy, Inc. has a one year low of $55.65 and a one year high of $87.69. The company has a market capitalization of $147.99 billion, a P/E ratio of 38.64, a PEG ratio of 4.07 and a beta of 0.16. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is $76.41 and its 200 day simple moving average is $78.07.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s payout ratio is 73.68%.
Several research analysts recently commented on NEE shares. Credit Suisse Group raised shares of NextEra Energy from a “neutral” rating to an “outperform” rating and cut their price objective for the stock from $87.00 to $85.00 in a report on Monday, March 15th. Sanford C. Bernstein began coverage on shares of NextEra Energy in a research report on Tuesday, March 9th. They set an “outperform” rating and a $88.00 target price for the company. Mizuho upped their target price on shares of NextEra Energy from $64.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 11th. Wells Fargo & Company increased their target price on shares of NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $66.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and an average target price of $78.83.
In other news, EVP Ronald R. Reagan sold 3,750 shares of NextEra Energy stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the transaction, the executive vice president now directly owns 32,209 shares of the company’s stock, valued at approximately $2,576,720. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO James Michael May sold 6,031 shares of NextEra Energy stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $75.00, for a total transaction of $452,325.00. Following the transaction, the chief accounting officer now directly owns 12,508 shares of the company’s stock, valued at $938,100. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,680 shares of company stock valued at $14,718,893. Company insiders own 0.40% of the company’s stock.
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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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