Fifth Third Bancorp Sells 76,957 Shares of NextEra Energy, Inc. (NYSE:NEE)

Fifth Third Bancorp trimmed its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,967,823 shares of the utilities provider's stock after selling 76,957 shares during the quarter. Fifth Third Bancorp owned approximately 0.10% of NextEra Energy worth $139,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Norges Bank bought a new position in NextEra Energy during the 4th quarter worth $3,484,197,000. Boston Partners bought a new position in NextEra Energy during the 4th quarter worth $244,169,000. Two Sigma Advisers LP bought a new position in NextEra Energy during the 4th quarter worth $240,269,000. Amundi grew its stake in NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock worth $676,008,000 after buying an additional 3,172,405 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake 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 worth $567,093,000 after purchasing an additional 2,517,369 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 1.1%

Shares of NYSE NEE traded up $0.82 during mid-day trading on Thursday, hitting $73.82. 11,022,182 shares of the company traded hands, compared to its average volume of 11,051,898. The business has a 50 day moving average of $68.61 and a two-hundred day moving average of $70.55. The stock has a market capitalization of $151.97 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.45 and a beta of 0.68. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. On average, sell-side analysts anticipate 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 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 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Finally, Barclays decreased their price target on 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. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.