Sigma Investment Counselors Inc. Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

Sigma Investment Counselors Inc. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC filing.

Other hedge funds also recently modified their holdings of the company. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at approximately $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the fourth quarter valued at approximately $33,000. Copia Wealth Management acquired a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. Graney & King LLC bought a new stake in NextEra Energy during the fourth quarter worth $46,000. Finally, Mascoma Wealth Management LLC lifted its stake in NextEra Energy by 41.3% during the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.4%

NYSE:NEE traded down $0.29 during trading hours on Friday, reaching $74.35. The company had a trading volume of 8,094,042 shares, compared to its average volume of 11,113,073. The business's 50-day simple moving average is $71.35 and its two-hundred day simple moving average is $70.24. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a market cap of $153.06 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 2.63 and a beta of 0.67. 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, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the business posted $0.91 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 85.02%.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. UBS Group decreased their price target 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. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Barclays raised their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday. Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, BMO Capital Markets dropped their target price 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. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.73.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

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.