Alpha Cubed Investments LLC Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Alpha Cubed Investments LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 672,244 shares of the utilities provider's stock after selling 23,979 shares during the period. NextEra Energy comprises approximately 2.1% of Alpha Cubed Investments LLC's investment portfolio, making the stock its 13th biggest position. Alpha Cubed Investments LLC's holdings in NextEra Energy were worth $47,655,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Somerset Trust Co increased its stake in shares of NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after buying an additional 4,445 shares during the period. Viking Fund Management LLC grew its stake in NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after acquiring an additional 200,000 shares during the period. Trust Co. of Vermont grew its holdings in shares of NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock valued at $27,335,000 after buying an additional 8,472 shares during the last quarter. GAMMA Investing LLC boosted its stake in NextEra Energy by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after purchasing an additional 5,949 shares during the last quarter. Finally, Blackstone Inc. boosted its holdings in NextEra Energy by 75.3% during the 4th quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock worth $237,527,000 after acquiring an additional 1,423,730 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 1.4%

Shares of NYSE NEE traded up $1.02 during midday trading on Thursday, hitting $74.67. 6,954,736 shares of the company traded hands, compared to its average volume of 11,112,181. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a 50-day moving average price of $71.03 and a 200 day moving average price of $70.21. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The firm has a market cap of $153.73 billion, a P/E ratio of 27.97, a P/E/G ratio of 2.55 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 85.02%.

Analyst Ratings Changes

Several research firms have weighed in on NEE. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Barclays increased their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, UBS Group reduced their target price 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $84.73.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company'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 sale, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.

NextEra Energy 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.