Constitution Capital LLC Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

Constitution Capital LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,005 shares of the utilities provider's stock after purchasing an additional 4,050 shares during the quarter. NextEra Energy makes up about 3.2% of Constitution Capital LLC's holdings, making the stock its 9th biggest position. Constitution Capital LLC's holdings in NextEra Energy were worth $5,742,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NEE. Norges Bank acquired a new position in NextEra Energy in the 4th quarter valued at $3,484,197,000. Boston Partners acquired a new position in NextEra Energy in the 4th quarter valued at $244,169,000. Two Sigma Advisers LP acquired a new position in NextEra Energy in the 4th quarter valued at $240,269,000. Amundi grew its stake in NextEra Energy by 49.8% in 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 last quarter. Finally, California Public Employees Retirement System grew its stake in NextEra Energy by 46.7% in 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 buying an additional 2,517,369 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 0.9%

Shares of NYSE NEE traded up $0.66 during midday trading on Friday, reaching $72.16. The stock had a trading volume of 9,285,402 shares, compared to its average volume of 11,123,967. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company's 50 day moving average price is $68.45 and its 200 day moving average price is $70.64. The firm has a market cap of $148.55 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Insiders Place Their Bets

In other 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 now owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays reduced their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. BMO Capital Markets reduced their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and eight have given 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 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.