Pittenger & Anderson Inc. Trims Position in NextEra Energy, Inc. (NYSE:NEE)

Pittenger & Anderson Inc. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 81.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,259 shares of the utilities provider's stock after selling 83,093 shares during the period. Pittenger & Anderson Inc.'s holdings in NextEra Energy were worth $1,365,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock worth $14,717,758,000 after acquiring an additional 2,090,538 shares during the last quarter. Norges Bank purchased a new position in NextEra Energy during the 4th quarter valued at about $3,484,197,000. Geode Capital Management LLC grew its holdings in NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after buying an additional 1,359,268 shares in the last quarter. Northern Trust Corp grew its holdings in NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after buying an additional 2,030,331 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NextEra Energy by 15.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock valued at $926,358,000 after buying an additional 1,707,933 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NYSE:NEE traded down $0.28 during mid-day trading on Tuesday, reaching $74.76. The stock had a trading volume of 8,877,480 shares, compared to its average volume of 11,067,797. The firm has a 50 day moving average price of $71.53 and a two-hundred day moving average price of $70.22. The stock has a market capitalization of $153.89 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.64 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

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

NextEra Energy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 3.03%. NextEra Energy's payout ratio is currently 85.02%.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was 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 of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on NEE shares. Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets cut their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $84.08.

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.