Amalgamated Bank Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Amalgamated Bank raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 410,203 shares of the utilities provider's stock after buying an additional 3,593 shares during the quarter. Amalgamated Bank's holdings in NextEra Energy were worth $29,079,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in NextEra Energy during the 4th quarter worth approximately $3,484,197,000. Boston Partners acquired a new stake in shares of NextEra Energy during the fourth quarter worth $244,169,000. Two Sigma Advisers LP purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $240,269,000. Amundi increased its position in shares of NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after acquiring an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System raised its stake in NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction 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 $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 0.0%

NEE stock opened at $70.96 on Monday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. 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's fifty day moving average is $69.99 and its 200 day moving average is $70.12. The firm has a market cap of $146.07 billion, a PE ratio of 26.57, a P/E/G ratio of 2.50 and a beta of 0.68.

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

NextEra Energy Dividend Announcement

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 dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.19%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Barclays dropped their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

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.

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