Bank of New York Mellon Corp Has $1.01 Billion Position in NextEra Energy, Inc. (NYSE:NEE)

Bank of New York Mellon Corp lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund 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 approximately 0.69% of NextEra Energy worth $1,009,490,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC bought a new position in NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the 4th quarter worth $33,000. Copia Wealth Management bought a new position in NextEra Energy during the 4th quarter worth $36,000. Promus Capital LLC bought a new position in NextEra Energy during the 4th quarter worth $45,000. Finally, Mascoma Wealth Management LLC increased its stake in NextEra Energy by 41.3% during the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after acquiring an additional 188 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NEE traded down $2.25 during trading hours on Tuesday, reaching $72.50. The stock had a trading volume of 19,550,562 shares, compared to its average volume of 11,118,199. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market capitalization of $149.25 billion, a PE ratio of 27.15, a PEG ratio of 2.63 and a beta of 0.67. 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 company's 50-day moving average is $70.90 and its two-hundred day moving average is $70.19.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly 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 company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the company earned $0.91 EPS. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed 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 3.13%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 completion of the transaction, the executive vice president owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

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.