Quaero Capital S.A. Has $3.17 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Quaero Capital S.A. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,780 shares of the utilities provider's stock after selling 4,794 shares during the quarter. NextEra Energy makes up about 4.5% of Quaero Capital S.A.'s investment portfolio, making the stock its largest holding. Quaero Capital S.A.'s holdings in NextEra Energy were worth $3,174,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NEE. Somerset Trust Co lifted its position in shares of NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after buying an additional 4,445 shares during the last quarter. Viking Fund Management LLC lifted its holdings in NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after purchasing an additional 200,000 shares during the last quarter. HFR Wealth Management LLC boosted its position in NextEra Energy by 1.4% during the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider's stock worth $9,151,000 after purchasing an additional 1,799 shares during the period. Blackstone Inc. grew its holdings in NextEra Energy by 75.3% during the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock valued at $237,527,000 after purchasing an additional 1,423,730 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $96,115,000. Institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

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 stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now directly owns 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.04 during mid-day trading on Friday, reaching $70.96. The stock had a trading volume of 14,274,070 shares, compared to its average volume of 10,979,293. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a market cap of $146.07 billion, a PE ratio of 26.57, a P/E/G ratio of 2.48 and a beta of 0.68. The firm's 50 day simple moving average is $69.90 and its 200 day simple moving average is $70.19. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

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

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on NEE. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. UBS Group cut 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 report on Friday, May 23rd. Barclays lowered their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Guggenheim reissued a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Company 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.