Cullen Investment Group LTD. Has $242,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Cullen Investment Group LTD. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 85.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,411 shares of the utilities provider's stock after selling 19,878 shares during the period. Cullen Investment Group LTD.'s holdings in NextEra Energy were worth $242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $36,000. Copia Wealth Management acquired a new stake in NextEra Energy in the fourth quarter worth about $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $44,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy 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 transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted 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. Wells Fargo & Company lowered their target price 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. Finally, UBS Group lowered their target price 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Trading Up 2.1%

Shares of NextEra Energy stock traded up $1.48 during trading hours on Friday, hitting $70.47. The company's stock had a trading volume of 18,800,654 shares, compared to its average volume of 11,121,064. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a 50 day moving average of $68.40 and a 200 day moving average of $70.81. The company has a market capitalization of $145.07 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's payout ratio is presently 84.64%.

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.