Comerica Bank lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 176,481 shares of the utilities provider’s stock after selling 1,838 shares during the period. Comerica Bank’s holdings in NextEra Energy were worth $23,563,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Dowling & Yahnke LLC boosted its stake in shares of NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock worth $228,000 after buying an additional 9 shares during the period. Genesee Valley Trust Co. boosted its stake in shares of NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock worth $402,000 after buying an additional 10 shares during the period. Beese Fulmer Investment Management Inc. boosted its stake in shares of NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock worth $282,000 after buying an additional 13 shares during the period. Regentatlantic Capital LLC boosted its stake in shares of NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock worth $445,000 after buying an additional 14 shares during the period. Finally, Honkamp Krueger Financial Services Inc. boosted its stake in shares of NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock worth $629,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 77.89% of the company’s stock.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

NextEra Energy, Inc. (NEE) opened at 142.84 on Friday. The stock has a 50 day moving average price of $138.21 and a 200 day moving average price of $128.21. The stock has a market cap of $66.87 billion, a price-to-earnings ratio of 17.38 and a beta of 0.33. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $143.17.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post $6.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 30th were given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, May 25th. NextEra Energy’s payout ratio is currently 47.87%.

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A number of brokerages have recently commented on NEE. BidaskClub cut shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Barclays PLC restated an “overweight” rating and set a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Deutsche Bank AG boosted their target price on shares of NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Morgan Stanley boosted their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, May 8th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $142.11.

In related news, CEO Armando Pimentel, Jr. sold 5,680 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $133.11, for a total transaction of $756,064.80. Following the sale, the chief executive officer now owns 79,586 shares of the company’s stock, valued at $10,593,692.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph T. Kelliher sold 8,068 shares of the firm’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $130.67, for a total value of $1,054,245.56. Following the completion of the sale, the executive vice president now directly owns 38,634 shares of the company’s stock, valued at approximately $5,048,304.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,179 shares of company stock worth $10,091,188. 0.53% of the stock is owned by corporate insiders.

About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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