NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Trimmed by Patten & Patten Inc. TN

Patten & Patten Inc. TN decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,635 shares of the utilities provider's stock after selling 12,307 shares during the period. Patten & Patten Inc. TN's holdings in NextEra Energy were worth $11,317,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $33,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy in the first quarter valued at $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the fourth quarter valued at $36,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 2.2%

Shares of NEE traded up $1.54 during midday trading on Thursday, reaching $71.42. 10,966,564 shares of the company were exchanged, compared to its average volume of 11,113,020. The stock has a 50-day moving average price of $68.41 and a 200-day moving average price of $70.71. The company has a market cap of $147.02 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 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 company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The firm's quarterly revenue was up 9.0% on a year-over-year basis. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now 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 can be accessed through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. UBS Group reduced their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

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.