Narwhal Capital Management Has $10.76 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Narwhal Capital Management trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,836 shares of the utilities provider's stock after selling 16,453 shares during the quarter. NextEra Energy makes up about 1.0% of Narwhal Capital Management's investment portfolio, making the stock its 29th biggest position. Narwhal Capital Management's holdings in NextEra Energy were worth $10,764,000 at the end of the most recent reporting period.

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

NextEra Energy Stock Performance

NEE stock opened at $71.61 on Monday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The company has a market cap of $147.41 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The business's fifty day moving average is $69.57 and its 200-day moving average is $70.24.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed 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. This represents a $2.27 annualized dividend and a yield of 3.16%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus price target of $84.50.

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.

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