Edgestream Partners L.P. Sells 61,970 Shares of NextEra Energy, Inc. (NYSE:NEE)

Edgestream Partners L.P. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 57.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,239 shares of the utilities provider's stock after selling 61,970 shares during the period. Edgestream Partners L.P.'s holdings in NextEra Energy were worth $3,207,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after acquiring an additional 2,090,538 shares during the period. Norges Bank purchased a new stake in NextEra Energy during the 4th quarter worth about $3,484,197,000. Geode Capital Management LLC boosted its stake in NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after purchasing an additional 1,359,268 shares during the period. Northern Trust Corp grew its holdings in NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after buying an additional 2,030,331 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NextEra Energy by 15.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock valued at $926,358,000 after buying an additional 1,707,933 shares during the period. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NEE shares. Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. UBS Group cut their price target 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. Finally, Morgan Stanley lowered 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 eight have given a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.08.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.73 during midday trading on Friday, reaching $75.91. 7,985,565 shares of the company's stock traded hands, compared to its average volume of 11,046,452. 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, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a market cap of $156.27 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 2.68 and a beta of 0.67. The stock has a 50 day moving average of $72.09 and a 200 day moving average of $70.33.

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, meeting 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 during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the business earned $0.91 EPS. The company's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.99%. NextEra Energy's payout ratio is currently 85.02%.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The stock was 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 owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

About NextEra Energy

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.