Outlook Wealth Advisors LLC Sells 3,080 Shares of NextEra Energy, Inc. (NYSE:NEE)

Outlook Wealth Advisors LLC lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 26.8% during the first quarter, Holdings Channel reports. The firm owned 8,395 shares of the utilities provider’s stock after selling 3,080 shares during the period. Outlook Wealth Advisors LLC’s holdings in NextEra Energy were worth $536,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Strategic Blueprint LLC boosted its position in shares of NextEra Energy by 11.7% in the third quarter. Strategic Blueprint LLC now owns 12,504 shares of the utilities provider’s stock valued at $716,000 after acquiring an additional 1,308 shares during the period. Caprock Group LLC increased its holdings in shares of NextEra Energy by 17.3% during the 3rd quarter. Caprock Group LLC now owns 18,447 shares of the utilities provider’s stock worth $1,057,000 after purchasing an additional 2,714 shares during the period. Capital Asset Advisory Services LLC raised its position in shares of NextEra Energy by 35.1% during the third quarter. Capital Asset Advisory Services LLC now owns 16,366 shares of the utilities provider’s stock valued at $876,000 after buying an additional 4,256 shares during the last quarter. DDD Partners LLC lifted its stake in shares of NextEra Energy by 16.0% in the third quarter. DDD Partners LLC now owns 260,706 shares of the utilities provider’s stock valued at $13,817,000 after buying an additional 35,931 shares during the period. Finally, Hennessy Advisors Inc. grew its position in NextEra Energy by 163.5% during the third quarter. Hennessy Advisors Inc. now owns 12,570 shares of the utilities provider’s stock worth $720,000 after buying an additional 7,800 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.91 during midday trading on Friday, reaching $65.99. The company’s stock had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. The business’s fifty day simple moving average is $60.85 and its 200-day simple moving average is $59.06. The company has a market capitalization of $135.58 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the company posted $0.84 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NEE shares. Barclays initiated coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. Scotiabank lifted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley increased their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

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.