Sunbelt Securities Inc. Sells 21,582 Shares of NextEra Energy, Inc. (NYSE:NEE)

Sunbelt Securities Inc. lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 75.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,096 shares of the utilities provider’s stock after selling 21,582 shares during the quarter. Sunbelt Securities Inc.’s holdings in NextEra Energy were worth $454,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Eagle Wealth Strategies LLC bought a new position in NextEra Energy during the 1st quarter valued at $724,000. Constitution Capital LLC raised its holdings in shares of NextEra Energy by 3.6% in the first quarter. Constitution Capital LLC now owns 81,130 shares of the utilities provider’s stock valued at $5,185,000 after purchasing an additional 2,840 shares during the last quarter. Financial Enhancement Group LLC raised its holdings in shares of NextEra Energy by 2.2% in the first quarter. Financial Enhancement Group LLC now owns 58,549 shares of the utilities provider’s stock valued at $3,693,000 after purchasing an additional 1,288 shares during the last quarter. Chemistry Wealth Management LLC bought a new position in shares of NextEra Energy during the first quarter valued at about $260,000. Finally, Mcdonald Partners LLC boosted its holdings in NextEra Energy by 5.7% during the first quarter. Mcdonald Partners LLC now owns 33,200 shares of the utilities provider’s stock worth $2,122,000 after purchasing an additional 1,780 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $73.36 on Thursday. The firm has a 50-day moving average price of $72.74 and a 200-day moving average price of $64.26. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $150.72 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.50 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the business earned $0.84 EPS. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. Equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.81%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NEE shares. BMO Capital Markets increased their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Morgan Stanley increased their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Bank of America boosted their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Finally, Barclays lowered their target price on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $76.50.

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.