Adams Diversified Equity Fund Inc. Sells 7,000 Shares of NextEra Energy, Inc. (NYSE:NEE)

Adams Diversified Equity Fund Inc. decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 258,300 shares of the utilities provider's stock after selling 7,000 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in NextEra Energy were worth $18,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Bellwether Advisors LLC bought a new position in 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 valued at about $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the 4th quarter worth about $36,000. Promus Capital LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $45,000. Finally, Graney & King LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays dropped their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised their price objective 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Stock Up 1.0%

Shares of NEE stock traded up $0.69 on Thursday, hitting $71.03. The stock had a trading volume of 8,010,651 shares, compared to its average volume of 10,966,112. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a market cap of $146.22 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The business has a 50 day moving average of $69.80 and a 200 day moving average of $70.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the business posted $0.91 EPS. The company's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, analysts expect 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. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value 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 approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

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.