Neville Rodie & Shaw Inc. Sells 3,740 Shares of NextEra Energy, Inc. (NYSE:NEE)

Neville Rodie & Shaw Inc. cut its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,641 shares of the utilities provider's stock after selling 3,740 shares during the period. NextEra Energy comprises approximately 1.0% of Neville Rodie & Shaw Inc.'s holdings, making the stock its 29th largest holding. Neville Rodie & Shaw Inc.'s holdings in NextEra Energy were worth $13,019,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in shares of NextEra Energy by 13.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 286,162 shares of the utilities provider's stock worth $20,286,000 after buying an additional 32,918 shares in the last quarter. Fire Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $894,000. Mascagni Wealth Management Inc. acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $161,000. Chancellor Financial Group WB LP acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $2,866,000. Finally, Objective Capital Management LLC raised its holdings in shares of NextEra Energy by 10.7% in the 4th quarter. Objective Capital Management LLC now owns 3,707 shares of the utilities provider's stock worth $266,000 after buying an additional 357 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.2%

NEE traded down $0.13 during mid-day trading on Monday, reaching $69.94. The stock had a trading volume of 4,157,771 shares, compared to its average volume of 11,093,859. The stock has a market capitalization of $143.98 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm's fifty day simple moving average is $68.40 and its two-hundred day simple moving average is $70.76. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

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 11.85% and a net margin of 28.06%. 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. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.24%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NEE. UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Barclays dropped their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 transaction, the executive vice president now directly 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

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.