HighPoint Advisor Group LLC Has $3.86 Million Position in NextEra Energy, Inc. (NYSE:NEE)

HighPoint Advisor Group LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,439 shares of the utilities provider's stock after selling 4,806 shares during the quarter. HighPoint Advisor Group LLC's holdings in NextEra Energy were worth $3,863,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Crestwood Advisors Group LLC boosted its holdings in NextEra Energy by 1.3% in the first quarter. Crestwood Advisors Group LLC now owns 115,680 shares of the utilities provider's stock valued at $8,201,000 after purchasing an additional 1,521 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in NextEra Energy by 11.3% in the first quarter. GW&K Investment Management LLC now owns 4,544 shares of the utilities provider's stock valued at $322,000 after purchasing an additional 462 shares during the last quarter. Wealth Dimensions Group Ltd. boosted its holdings in NextEra Energy by 30.1% in the first quarter. Wealth Dimensions Group Ltd. now owns 5,045 shares of the utilities provider's stock valued at $358,000 after purchasing an additional 1,168 shares during the last quarter. Peterson Wealth Services boosted its holdings in NextEra Energy by 21.0% in the first quarter. Peterson Wealth Services now owns 10,433 shares of the utilities provider's stock valued at $740,000 after purchasing an additional 1,811 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in NextEra Energy by 668.6% in the first quarter. Los Angeles Capital Management LLC now owns 247,921 shares of the utilities provider's stock valued at $17,575,000 after purchasing an additional 215,665 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Morgan Stanley reduced their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Barclays increased their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business'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 transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NEE traded up $1.38 during midday trading on Tuesday, reaching $77.55. The stock had a trading volume of 9,027,425 shares, compared to its average volume of 11,027,679. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The firm's 50 day moving average price is $72.09 and its 200-day moving average price is $70.32. The company has a market capitalization of $159.65 billion, a P/E ratio of 29.05, a P/E/G ratio of 2.68 and a beta of 0.67.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 2.92%. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

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.