Rice Partnership LLC Has $965,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Rice Partnership LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 80.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,608 shares of the utilities provider's stock after selling 55,463 shares during the period. Rice Partnership LLC's holdings in NextEra Energy were worth $965,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 purchasing an additional 2,090,538 shares during the last quarter. Norges Bank acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $3,484,197,000. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 1,359,268 shares during the last quarter. Northern Trust Corp increased its holdings in shares of 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 acquiring an additional 2,030,331 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 acquiring an additional 1,707,933 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other 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 owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Barclays lowered their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.55.

NextEra Energy Stock Performance

NEE traded up $0.54 during midday trading on Friday, reaching $73.56. The company's stock had a trading volume of 8,560,920 shares, compared to its average volume of 11,060,238. The stock has a market cap of $151.43 billion, a P/E ratio of 27.55, a PEG ratio of 2.60 and a beta of 0.67. The company has a fifty day simple moving average of $70.62 and a 200 day simple moving average of $70.15. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

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 (EPS) for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm posted $0.91 EPS. The company's 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is presently 85.02%.

About NextEra Energy

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.