C WorldWide Group Holding A S Trims Stake in NextEra Energy, Inc. (NYSE:NEE)

C WorldWide Group Holding A S reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,297,676 shares of the utilities provider's stock after selling 53,404 shares during the period. NextEra Energy comprises 3.8% of C WorldWide Group Holding A S's portfolio, making the stock its 13th largest holding. C WorldWide Group Holding A S owned 0.21% of NextEra Energy worth $304,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group boosted its position in shares of NextEra Energy by 5.0% in the first quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 15,123 shares of the utilities provider's stock worth $1,072,000 after purchasing an additional 719 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of NextEra Energy by 46.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,666 shares of the utilities provider's stock worth $118,000 after acquiring an additional 525 shares during the last quarter. Burling Wealth Partners LLC boosted its position in shares of NextEra Energy by 8.4% during the first quarter. Burling Wealth Partners LLC now owns 63,842 shares of the utilities provider's stock worth $4,526,000 after acquiring an additional 4,926 shares during the last quarter. Richard C. Young & CO. LTD. boosted its position in shares of NextEra Energy by 1.0% during the first quarter. Richard C. Young & CO. LTD. now owns 95,575 shares of the utilities provider's stock worth $6,775,000 after acquiring an additional 955 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of NextEra Energy by 5.1% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 66,070 shares of the utilities provider's stock worth $4,684,000 after acquiring an additional 3,194 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.3%

Shares of NYSE NEE traded up $1.01 during midday trading on Friday, hitting $76.19. The stock had a trading volume of 1,301,338 shares, compared to its average volume of 11,004,618. The company has a market capitalization of $156.85 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 2.63 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The company has a fifty day moving average price of $71.98 and a 200 day moving average price of $70.31.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share 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 business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the business earned $0.91 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current 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 issued a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 2.97%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Morgan Stanley reduced their price target 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. BMO Capital Markets reduced 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. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.08.

Insider Buying and Selling at NextEra Energy

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 currently owned by company insiders.

NextEra Energy Company 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.

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