Sigma Investment Counselors Inc. Has $4.10 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Sigma Investment Counselors Inc. trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,853 shares of the utilities provider's stock after selling 3,406 shares during the quarter. Sigma Investment Counselors Inc.'s holdings in NextEra Energy were worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its stake in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of NextEra Energy by 88.0% in the fourth quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider's stock valued at $946,000 after buying an additional 6,177 shares in the last quarter. Andra AP fonden increased its stake in shares of NextEra Energy by 830.8% in the fourth quarter. Andra AP fonden now owns 12,100 shares of the utilities provider's stock valued at $867,000 after buying an additional 10,800 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of NextEra Energy by 9.6% in the fourth quarter. Larson Financial Group LLC now owns 12,479 shares of the utilities provider's stock valued at $895,000 after buying an additional 1,090 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 3.0%

Shares of NextEra Energy stock traded down $2.25 on Tuesday, reaching $72.50. 19,550,562 shares of the company were exchanged, compared to its average volume of 11,095,515. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a market capitalization of $149.25 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.60 and a beta of 0.67. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The company has a 50-day moving average of $70.79 and a 200 day moving average of $70.17.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is presently 84.64%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Barclays cut their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, UBS Group cut their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.55.

Insider Buying and Selling at NextEra Energy

In related 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

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.