NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,783,306 shares of the utilities provider's stock after acquiring an additional 52,693 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of NextEra Energy worth $339,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. LaFleur & Godfrey LLC lifted its position in NextEra Energy by 9.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after buying an additional 400 shares in the last quarter. Brighton Jones LLC grew its stake in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after buying an additional 298 shares during the period. Illinois Municipal Retirement Fund lifted its position in NextEra Energy by 21.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 30,428 shares of the utilities provider's stock worth $2,181,000 after acquiring an additional 5,369 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its holdings in NextEra Energy by 0.6% in the 4th quarter. NewEdge Wealth LLC now owns 116,408 shares of the utilities provider's stock worth $8,345,000 after acquiring an additional 734 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

NextEra Energy Stock Down 0.0%

NYSE NEE traded down $0.04 on Friday, hitting $70.96. 14,274,070 shares of the stock traded hands, compared to its average volume of 10,931,900. 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 stock has a 50-day moving average of $69.99 and a 200 day moving average of $70.14. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a market capitalization of $146.07 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share 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 business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the business earned $0.91 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 85.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on 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 completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.18% 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.