Court Place Advisors LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,378 shares of the utilities provider’s stock after selling 197 shares during the period. Court Place Advisors LLC’s holdings in NextEra Energy were worth $1,034,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wade G W & Inc. raised its position in NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock valued at $1,364,000 after buying an additional 130 shares during the period. Baldwin Brothers Inc. MA raised its position in NextEra Energy by 15.2% in the first quarter. Baldwin Brothers Inc. MA now owns 13,230 shares of the utilities provider’s stock valued at $1,698,000 after buying an additional 1,748 shares during the period. Moody Lynn & Lieberson LLC raised its position in NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock valued at $378,000 after buying an additional 965 shares during the period. National Investment Services Inc. WI raised its position in NextEra Energy by 14.6% in the first quarter. National Investment Services Inc. WI now owns 21,056 shares of the utilities provider’s stock valued at $2,703,000 after buying an additional 2,677 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in NextEra Energy during the first quarter valued at approximately $431,000. 76.72% of the stock is owned by institutional investors and hedge funds.

Shares of NextEra Energy, Inc. (NYSE:NEE) traded up 0.31% during mid-day trading on Thursday, hitting $147.70. 521,498 shares of the stock were exchanged. The company’s 50-day moving average is $143.02 and its 200-day moving average is $134.77. The firm has a market cap of $69.31 billion, a price-to-earnings ratio of 16.92 and a beta of 0.32. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $148.19.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The company’s revenue was up 15.4% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.

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Several research analysts have recently commented on NEE shares. BidaskClub lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and set a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, 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 research note on Monday, May 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $148.18.

In other news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the transaction, the director now owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 52,320 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. Insiders sold a total of 90,431 shares of company stock worth $12,692,378 in the last ninety days. Insiders own 0.53% of the company’s stock.

NextEra Energy Company Profile

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

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