NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 40.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,744 shares of the utilities provider's stock after selling 6,695 shares during the period. Strategic Investment Advisors MI's holdings in NextEra Energy were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NEE. Vanguard Group Inc. raised its position in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after purchasing an additional 2,090,538 shares during the period. Norges Bank acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $3,484,197,000. Geode Capital Management LLC raised 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 buying an additional 1,359,268 shares during the period. Northern Trust Corp lifted its position in NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock worth $1,041,210,000 after acquiring an additional 588,038 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 1.0%

Shares of NEE traded up $0.69 during midday trading on Thursday, hitting $71.03. The company had a trading volume of 8,010,651 shares, compared to its average volume of 10,968,165. The stock has a market cap of $146.22 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.52 and a beta of 0.68. The company's 50 day moving average price is $69.80 and its 200 day moving average price is $70.22. 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, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

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 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 firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the company earned $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict 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 was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Analyst Ratings Changes

NEE has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Morgan Stanley dropped their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. 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, Barclays lowered their target price on 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. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $84.50.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's 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 transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

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.