Bank of New York Mellon Corp Trims Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Bank of New York Mellon Corp decreased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,240,235 shares of the utilities provider's stock after selling 283,551 shares during the period. Bank of New York Mellon Corp owned about 0.69% of NextEra Energy worth $1,009,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the 4th quarter worth $36,000. Promus Capital LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $45,000. Finally, Graney & King LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 0.7%

Shares of NYSE:NEE traded up $0.54 on Friday, hitting $73.56. 8,560,920 shares of the company's stock were exchanged, compared to its average volume of 11,060,238. The firm's 50-day moving average is $70.62 and its 200 day moving average is $70.15. The company has a market capitalization of $151.43 billion, a PE ratio of 27.55, a P/E/G ratio of 2.60 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-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.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion during 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 business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.08%. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Morgan Stanley dropped 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. Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. UBS Group dropped their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus price target of $84.55.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

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.