Core Alternative Capital Has $6.26 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Core Alternative Capital cut its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,312 shares of the utilities provider's stock after selling 19,050 shares during the period. NextEra Energy makes up approximately 1.5% of Core Alternative Capital's holdings, making the stock its 24th biggest position. Core Alternative Capital's holdings in NextEra Energy were worth $6,260,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new position in NextEra Energy during the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the 4th quarter valued at about $33,000. Copia Wealth Management bought a new position in NextEra Energy during the 4th quarter valued at about $36,000. Mascoma Wealth Management LLC lifted its holdings in NextEra Energy by 41.3% during the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 188 shares during the last quarter. Finally, Graney & King LLC bought a new position in NextEra Energy during the 4th quarter valued at about $46,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NEE shares. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets decreased their price objective 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. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $84.55.

NextEra Energy Stock Performance

NYSE:NEE traded up $1.21 during mid-day trading on Wednesday, reaching $73.67. 6,599,272 shares of the company's stock were exchanged, compared to its average volume of 11,108,997. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a market capitalization of $151.66 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The business's fifty day simple moving average is $70.90 and its two-hundred day simple moving average is $70.19. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

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, hitting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the firm earned $0.91 earnings per share. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is presently 85.02%.

Insider Buying and Selling at NextEra Energy

In related 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 sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company's stock.

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.