Brookstone Capital Management Has $2.54 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Brookstone Capital Management trimmed its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 59.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Other large investors have also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its position in NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after buying an additional 149 shares in the last quarter. Cim LLC raised its stake in shares of NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares during the period. Conning Inc. raised 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 during the last quarter. Wealth Dimensions Group Ltd. raised its stake in NextEra Energy by 4.3% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 161 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its stake in NextEra Energy by 0.7% in the 1st 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. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Up 1.4%

Shares of NYSE NEE traded up $1.02 on Thursday, hitting $74.67. The company had a trading volume of 6,953,440 shares, compared to its average volume of 11,112,179. 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 12-month low of $61.72 and a 12-month high of $86.10. The business has a 50 day moving average of $71.03 and a two-hundred day moving average of $70.21. The firm has a market capitalization of $153.73 billion, a P/E ratio of 27.97, a PEG ratio of 2.55 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 quarter in the prior year, the firm posted $0.91 earnings per share. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 85.02%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEE. Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Barclays raised their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets decreased 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. Finally, Guggenheim reaffirmed a "buy" rating and set a $89.00 price objective 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.73.

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.