NextEra Energy, Inc. (NYSE:NEE) Stock Position Lessened by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 50.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,453 shares of the utilities provider's stock after selling 49,417 shares during the quarter. Bourgeon Capital Management LLC's holdings in NextEra Energy were worth $3,435,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. L.M. Kohn & Company increased its position in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after purchasing an additional 145 shares in the last quarter. Tortoise Investment Management LLC raised its position in NextEra Energy by 8.3% during the 4th 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 during the last quarter. Anchor Capital Advisors LLC lifted its position in NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 150 shares during the period. Aspen Investment Management Inc grew its holdings in NextEra Energy by 1.0% during the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider's stock worth $1,083,000 after acquiring an additional 151 shares during the period. Finally, Cim LLC increased its holdings in shares of NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NEE. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $83.50.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated 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 transaction, 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 at this link. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Down 1.5%

Shares of NEE traded down $1.08 during midday trading on Wednesday, hitting $69.87. The company had a trading volume of 10,888,739 shares, compared to its average volume of 11,096,186. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company's 50 day moving average price is $68.42 and its 200 day moving average price is $70.72. The stock has a market cap of $143.84 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm earned $0.91 EPS. The business's revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.24%. NextEra Energy's payout ratio is currently 84.64%.

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.