First Citizens Bank & Trust Co. Has $4.29 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

First Citizens Bank & Trust Co. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,441 shares of the utilities provider's stock after selling 7,995 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in NextEra Energy were worth $4,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NEE. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $33,000. Copia Wealth Management acquired a new stake in NextEra Energy in the fourth quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter worth approximately $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Up 1.3%

NEE stock traded up $0.93 during mid-day trading on Tuesday, hitting $72.83. 9,887,170 shares of the company were exchanged, compared to its average volume of 11,107,098. The company has a market capitalization of $149.94 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a fifty day simple moving average of $68.48 and a 200 day simple moving average of $70.52. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. The company 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%. 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 posted $0.91 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.11%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

Insider Buying and Selling

In other NextEra Energy 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 value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NEE. Barclays cut their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Guggenheim reiterated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.50.

NextEra Energy 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.