J. L. Bainbridge & Co. Inc. Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

J. L. Bainbridge & Co. Inc. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,717 shares of the utilities provider's stock after selling 3,538 shares during the quarter. NextEra Energy makes up approximately 0.9% of J. L. Bainbridge & Co. Inc.'s portfolio, making the stock its 26th largest holding. J. L. Bainbridge & Co. Inc.'s holdings in NextEra Energy were worth $8,841,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Tortoise Investment Management LLC lifted its holdings in shares of NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after buying an additional 149 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in shares of NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock worth $223,000 after buying an additional 150 shares in the last quarter. Cim LLC lifted its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares in the last quarter. Investment Partners LTD. lifted its holdings in shares of NextEra Energy by 4.9% in the fourth quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider's stock worth $242,000 after buying an additional 159 shares in the last quarter. Finally, Exencial Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 1.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock worth $866,000 after buying an additional 160 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Finally, Barclays decreased their price objective on shares of 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $84.55.

NextEra Energy Price Performance

NYSE NEE traded down $0.04 on Friday, reaching $70.96. 14,274,070 shares of the company's stock traded hands, compared to its average volume of 10,931,900. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month 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 stock has a 50-day simple moving average of $69.99 and a 200 day simple moving average of $70.14. The stock has a market cap of $146.07 billion, a PE ratio of 20.20, a P/E/G ratio of 2.50 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

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.