Lbp Am Sa Sells 7,783 Shares of NextEra Energy, Inc. (NYSE:NEE)

LBP AM SA trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 590,623 shares of the utilities provider's stock after selling 7,783 shares during the period. LBP AM SA's holdings in NextEra Energy were worth $41,869,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Bellwether Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy during the fourth quarter valued at $33,000. Copia Wealth Management acquired a new position in NextEra Energy during the fourth quarter valued at $36,000. Graney & King LLC acquired a new position in NextEra Energy during the fourth quarter valued at $46,000. Finally, Mascoma Wealth Management LLC raised its position in NextEra Energy by 41.3% during the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after buying an additional 188 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NEE. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. UBS Group dropped their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Barclays upped their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus price target of $84.73.

NextEra Energy Stock Down 0.4%

Shares of NYSE NEE traded down $0.29 during mid-day trading on Friday, reaching $74.35. 8,094,042 shares of the company traded hands, compared to its average volume of 11,113,128. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market cap of $153.06 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.62 and a beta of 0.67. The company's fifty day moving average is $71.35 and its two-hundred day moving average is $70.22. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.05%. NextEra Energy's payout ratio is 85.02%.

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.