NextEra Energy, Inc. (NYSE:NEE) Stake Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 313,316 shares of the utilities provider's stock after selling 8,772 shares during the period. Nisa Investment Advisors LLC's holdings in NextEra Energy were worth $22,211,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Topsail Wealth Management LLC increased its stake in NextEra Energy by 17.8% during the first quarter. Topsail Wealth Management LLC now owns 5,897 shares of the utilities provider's stock valued at $418,000 after purchasing an additional 890 shares during the last quarter. Rehmann Capital Advisory Group grew its position in shares of NextEra Energy by 3.6% during the first quarter. Rehmann Capital Advisory Group now owns 17,637 shares of the utilities provider's stock worth $1,250,000 after acquiring an additional 620 shares during the last quarter. Slagle Financial LLC grew its position in shares of NextEra Energy by 1.9% during the first quarter. Slagle Financial LLC now owns 73,196 shares of the utilities provider's stock worth $5,189,000 after acquiring an additional 1,333 shares during the last quarter. Greenleaf Trust grew its position in NextEra Energy by 1.4% in the 1st quarter. Greenleaf Trust now owns 132,523 shares of the utilities provider's stock worth $9,395,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Silverlake Wealth Management LLC increased its stake in shares of NextEra Energy by 12.1% in the first quarter. Silverlake Wealth Management LLC now owns 3,389 shares of the utilities provider's stock valued at $240,000 after purchasing an additional 366 shares during the period. Institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.29 during mid-day trading on Friday, hitting $74.35. The company's stock had a trading volume of 8,094,042 shares, compared to its average volume of 11,113,128. 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 stock has a market capitalization of $153.06 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.62 and a beta of 0.67. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock's fifty day moving average price is $71.35 and its two-hundred day moving average price is $70.20.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. BMO Capital Markets cut their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Wells Fargo & Company cut their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.73.

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.