Cottonwood Capital Advisors LLC Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

Cottonwood Capital Advisors LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,100 shares of the utilities provider’s stock after selling 581 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in NextEra Energy were worth $220,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NEE. Tortoise Investment Management LLC lifted its holdings in NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 149 shares in the last quarter. Anchor Capital Advisors LLC boosted its holdings in NextEra Energy by 5.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider’s stock worth $223,000 after buying an additional 150 shares during the period. Cim LLC increased its stake in NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock worth $2,397,000 after buying an additional 158 shares in the last quarter. Investment Partners LTD. lifted its position in shares of NextEra Energy by 4.9% in the fourth quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 159 shares in the last quarter. Finally, Exencial Wealth Advisors LLC boosted its stake in shares of NextEra Energy by 1.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider’s stock worth $866,000 after acquiring an additional 160 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NEE. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Finally, Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 directly owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $70.39 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a market capitalization of $144.91 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.52 and a beta of 0.68. The firm’s 50-day moving average is $69.80 and its 200 day moving average is $70.22.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the company posted $0.91 EPS. NextEra Energy’s quarterly revenue was up 9.0% on a year-over-year basis. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s dividend payout ratio is presently 84.64%.

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.