NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 59.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,757 shares of the utilities provider's stock after selling 51,691 shares during the period. Brookstone Capital Management's holdings in NextEra Energy were worth $2,535,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Tortoise Investment Management LLC lifted its stake in shares of NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 149 shares during the last quarter. Cim LLC raised its holdings in NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares in the last quarter. Conning Inc. increased its stake in NextEra Energy by 1.1% in the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares in the last quarter. Wealth Dimensions Group Ltd. grew its holdings in NextEra Energy by 4.3% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock valued at $278,000 after buying an additional 161 shares during the last quarter. Finally, Premier Path Wealth Partners LLC increased its stake in NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Down 3.0%

Shares of NEE traded down $2.25 during trading hours on Tuesday, hitting $72.50. The company had a trading volume of 19,550,562 shares, compared to its average volume of 11,095,515. The firm has a market cap of $149.25 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.60 and a beta of 0.67. The stock's 50 day moving average price is $70.79 and its 200 day moving average price is $70.17. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.13%. NextEra Energy's dividend payout ratio is currently 84.64%.

Insider Transactions 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 completion of the transaction, the executive vice president owned 196,817 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. UBS Group reduced 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. Barclays cut their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company lowered their price target 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. Finally, BMO Capital Markets cut their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.