Copeland Capital Management LLC Sells 158,603 Shares of NextEra Energy, Inc. (NYSE:NEE)

Copeland Capital Management LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 92.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 12,334 shares of the utilities provider's stock after selling 158,603 shares during the period. Copeland Capital Management LLC's holdings in NextEra Energy were worth $874,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LaFleur & Godfrey LLC increased its position in shares of NextEra Energy by 9.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock worth $323,000 after purchasing an additional 400 shares in the last quarter. Brighton Jones LLC increased its position 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 in the last quarter. Revolve Wealth Partners LLC increased its position 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 in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of NextEra Energy by 21.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 30,428 shares of the utilities provider's stock worth $2,181,000 after purchasing an additional 5,369 shares in the last quarter. Finally, Nwam LLC increased its position in shares of NextEra Energy by 7.5% during the 4th quarter. Nwam LLC now owns 8,136 shares of the utilities provider's stock worth $583,000 after purchasing an additional 570 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 0.0%

Shares of NYSE:NEE opened at $70.96 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a 50 day moving average of $69.99 and a 200-day moving average of $70.14. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market cap of $146.07 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 2.50 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 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 during the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter in the previous year, the company earned $0.91 EPS. NextEra Energy's revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio is 85.02%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. JPMorgan Chase & Co. increased their target price 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. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays dropped 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 dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Finally, UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

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.

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