Bar Harbor Wealth Management Sells 44,202 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bar Harbor Wealth Management lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 41.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,446 shares of the utilities provider's stock after selling 44,202 shares during the period. Bar Harbor Wealth Management's holdings in NextEra Energy were worth $4,356,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock worth $14,717,758,000 after purchasing an additional 2,090,538 shares in the last quarter. Norges Bank acquired a new position in shares of NextEra Energy during the 4th quarter valued at $3,484,197,000. Geode Capital Management LLC raised its stake in shares of NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after buying an additional 1,359,268 shares in the last quarter. Northern Trust Corp raised its stake in shares of NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after buying an additional 2,030,331 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of NextEra Energy by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after buying an additional 588,038 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NEE shares. Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Guggenheim reissued a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Seven 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 company presently has an average rating of "Moderate Buy" and an average target price of $84.50.

NextEra Energy Stock Up 1.2%

Shares of NEE traded up $0.86 during mid-day trading on Friday, reaching $74.70. The company's stock had a trading volume of 13,213,340 shares, compared to its average volume of 11,082,718. The company has a market cap of $153.78 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The business has a fifty day moving average of $69.00 and a 200 day moving average of $70.46. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.03%. NextEra Energy's dividend payout ratio is presently 84.64%.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on 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. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.

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.