NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division cut its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 92.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 500 shares of the utilities provider's stock after selling 6,000 shares during the quarter. Central Pacific Bank Trust Division's holdings in NextEra Energy were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of NextEra Energy during the fourth quarter valued at approximately $3,484,197,000. Boston Partners acquired a new position in NextEra Energy in the 4th quarter worth approximately $244,169,000. Two Sigma Advisers LP acquired a new position in NextEra Energy in the 4th quarter worth approximately $240,269,000. Amundi boosted its stake in shares of NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after buying an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of NextEra Energy by 46.7% during the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after purchasing an additional 2,517,369 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. raised 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. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays lowered their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Finally, Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Stock Performance

NYSE:NEE traded up $1.54 during mid-day trading on Thursday, reaching $71.42. The company's stock had a trading volume of 10,966,564 shares, compared to its average volume of 11,113,025. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm's fifty day moving average price is $68.42 and its two-hundred day moving average price is $70.68. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $147.02 billion, a P/E ratio of 21.19, a PEG ratio of 2.45 and a beta of 0.69.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.17%. NextEra Energy's dividend payout ratio is currently 84.64%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

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.