Brookstone Capital Management Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

Brookstone Capital Management lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 59.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,757 shares of the utilities provider's stock after selling 51,691 shares during the quarter. Brookstone Capital Management's holdings in NextEra Energy were worth $2,535,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NEE. Brighton Jones LLC grew its stake in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the period. Proficio Capital Partners LLC grew its stake in shares of NextEra Energy by 88.0% during the 4th quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider's stock worth $946,000 after purchasing an additional 6,177 shares during the period. E Fund Management Co. Ltd. grew its stake in shares of NextEra Energy by 26.2% during the 4th quarter. E Fund Management Co. Ltd. now owns 4,987 shares of the utilities provider's stock worth $358,000 after purchasing an additional 1,036 shares during the period. Finally, Andra AP fonden grew its stake in shares of NextEra Energy by 830.8% during the 4th quarter. Andra AP fonden now owns 12,100 shares of the utilities provider's stock worth $867,000 after purchasing an additional 10,800 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred 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 owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Up 1.7%

Shares of NextEra Energy stock traded up $1.21 during mid-day trading on Wednesday, hitting $73.67. 8,809,097 shares of the stock were exchanged, compared to its average volume of 11,128,597. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a market capitalization of $151.66 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.55 and a beta of 0.67. The company has a 50-day simple moving average of $71.03 and a 200 day simple moving average of $70.21. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. NextEra Energy's payout ratio is currently 85.02%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Finally, Barclays lowered their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.55.

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.