Rhumbline Advisers Sells 67,115 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rhumbline Advisers lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,698,641 shares of the utilities provider's stock after selling 67,115 shares during the quarter. Rhumbline Advisers owned about 0.18% of NextEra Energy worth $262,197,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. L.M. Kohn & Company boosted its stake in NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after purchasing an additional 145 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after acquiring an additional 149 shares during the last quarter. Anchor Capital Advisors LLC raised its position in shares of NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 150 shares during the period. Aspen Investment Management Inc increased its stake in shares of NextEra Energy by 1.0% during the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider's stock worth $1,083,000 after purchasing an additional 151 shares during the period. Finally, Cim LLC lifted its holdings in NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NEE shares. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Barclays dropped 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 report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target 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. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets dropped their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average target price of $83.50.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

NEE stock traded up $0.54 during mid-day trading on Thursday, hitting $70.42. 2,314,133 shares of the stock were exchanged, compared to its average volume of 11,071,932. The stock has a market capitalization of $144.97 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The business has a fifty day moving average price of $68.41 and a 200 day moving average price of $70.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share 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 net margin of 28.06% and a return on equity of 11.85%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. NextEra Energy's payout ratio is currently 84.64%.

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.