NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lowered by Park Place Capital Corp

Park Place Capital Corp trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 24.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,154 shares of the utilities provider's stock after selling 4,906 shares during the period. Park Place Capital Corp's holdings in NextEra Energy were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $33,000. Copia Wealth Management acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $36,000. Promus Capital LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $45,000. Finally, Graney & King LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $46,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.04 during midday trading on Friday, reaching $70.96. 14,274,070 shares of the company traded hands, compared to its average volume of 10,979,293. The company has a market cap of $146.07 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.48 and a beta of 0.68. The stock has a 50-day moving average price of $69.90 and a 200 day moving average price of $70.19. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45.

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

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The stock was 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 in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of 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 target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Finally, Barclays lowered their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to 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.