Dupont Capital Management Corp Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Dupont Capital Management Corp boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 139,362 shares of the utilities provider's stock after acquiring an additional 8,920 shares during the period. Dupont Capital Management Corp's holdings in NextEra Energy were worth $9,879,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NEE. Norges Bank acquired a new position in NextEra Energy during the fourth quarter worth $3,484,197,000. Boston Partners acquired a new position in NextEra Energy during the fourth quarter worth $244,169,000. Two Sigma Advisers LP acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $240,269,000. Amundi raised its position in shares of NextEra Energy by 49.8% in the fourth 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 raised its position in shares of NextEra Energy by 46.7% in the fourth 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. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

NextEra Energy Trading Up 0.1%

NEE stock traded up $0.04 during mid-day trading on Friday, hitting $71.61. 15,182,372 shares of the company were exchanged, compared to its average volume of 10,994,226. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $147.41 billion, a P/E ratio of 26.82, a PEG ratio of 2.52 and a beta of 0.68. The business has a fifty day simple moving average of $69.57 and a 200-day simple moving average of $70.28. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its 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. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. 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 cut their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective 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. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $84.50.

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.