Sulzberger Capital Advisors Inc. Sells 7,245 Shares of NextEra Energy, Inc. (NYSE:NEE)

Sulzberger Capital Advisors Inc. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,200 shares of the utilities provider's stock after selling 7,245 shares during the quarter. NextEra Energy accounts for about 3.2% of Sulzberger Capital Advisors Inc.'s investment portfolio, making the stock its 9th largest holding. Sulzberger Capital Advisors Inc.'s holdings in NextEra Energy were worth $2,424,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $33,000. Copia Wealth Management acquired a new stake in NextEra Energy during the fourth quarter worth about $36,000. Midwest Capital Advisors LLC bought a new position in NextEra Energy in the fourth quarter worth about $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 0.9%

Shares of NEE stock opened at $72.16 on Friday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm has a market capitalization of $148.55 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The stock has a fifty day moving average of $68.45 and a two-hundred day moving average of $70.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion for 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 company's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. BMO Capital Markets reduced their price objective 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. Barclays lowered their price objective 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. Wells Fargo & Company cut their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Eight investment analysts have rated the stock with a hold rating and eight 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 a consensus target price of $83.50.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred 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 now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.

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