NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lowered its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498,267 shares of the utilities provider's stock after selling 20,355 shares during the period. Compagnie Lombard Odier SCmA's holdings in NextEra Energy were worth $35,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NEE. Norges Bank bought a new stake in NextEra Energy in the fourth quarter worth about $3,484,197,000. Boston Partners purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $244,169,000. Two Sigma Advisers LP purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $240,269,000. Amundi increased its position in shares of NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock worth $676,008,000 after acquiring an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of NextEra Energy by 46.7% during the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the period. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NEE shares. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. UBS Group cut their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Barclays cut 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 report on Tuesday, April 29th. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Stock Performance

Shares of NEE traded up $0.82 during trading hours on Thursday, reaching $73.82. 11,022,182 shares of the company traded hands, compared to its average volume of 11,051,898. The stock has a market capitalization of $151.97 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.45 and a beta of 0.68. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The business has a fifty day moving average price of $68.61 and a 200-day moving average price of $70.55.

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 for the quarter, hitting 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 the consensus estimate of $6.58 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company's revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.07%. NextEra Energy's dividend payout ratio is currently 84.64%.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

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.