First County Bank CT Sells 4,115 Shares of NextEra Energy, Inc. (NYSE:NEE)

First County Bank CT reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 35.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,601 shares of the utilities provider's stock after selling 4,115 shares during the period. First County Bank CT's holdings in NextEra Energy were worth $539,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. L.M. Kohn & Company raised its holdings in NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after acquiring an additional 145 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after acquiring an additional 149 shares during the last quarter. Anchor Capital Advisors LLC raised its holdings in NextEra Energy by 5.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock worth $223,000 after acquiring an additional 150 shares during the last quarter. Aspen Investment Management Inc raised its holdings in NextEra Energy by 1.0% in the 4th 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 last quarter. Finally, Cim LLC raised its holdings in NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after acquiring an additional 158 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NEE shares. Barclays decreased their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company decreased their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy Price Performance

NEE stock traded up $1.48 during trading on Friday, reaching $70.47. The company's stock had a trading volume of 18,800,654 shares, compared to its average volume of 11,121,064. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $145.07 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company's fifty day moving average is $68.40 and its 200-day moving average is $70.79.

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

NextEra Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. NextEra Energy's payout ratio is presently 84.64%.

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.