RFG Advisory LLC Has $3.49 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

RFG Advisory LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 37.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,236 shares of the utilities provider's stock after selling 29,546 shares during the quarter. RFG Advisory LLC's holdings in NextEra Energy were worth $3,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NEE. Norges Bank acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $3,484,197,000. Boston Partners bought a new stake in NextEra Energy during the 4th quarter worth approximately $244,169,000. Two Sigma Advisers LP bought a new stake in NextEra Energy in the 4th quarter valued at $240,269,000. Amundi boosted its position in shares of NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock worth $676,008,000 after buying an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of NextEra Energy by 46.7% during the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after buying an additional 2,517,369 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Barclays decreased their target price on shares of 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. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE traded up $1.54 on Thursday, reaching $71.42. The stock had a trading volume of 10,966,564 shares, compared to its average volume of 11,105,654. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market cap of $147.02 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The firm has a fifty day moving average of $68.41 and a two-hundred day moving average of $70.71. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

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.