New Covenant Trust Company N.A. Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

New Covenant Trust Company N.A. lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,836 shares of the utilities provider’s stock after selling 183 shares during the period. New Covenant Trust Company N.A.’s holdings in NextEra Energy were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $33,000. Copia Wealth Management purchased a new stake in NextEra Energy during the fourth quarter worth approximately $36,000. Midwest Capital Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $44,000. Finally, Promus Capital LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $45,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price target 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. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 18th. Finally, BMO Capital Markets lowered 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. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Insider Activity at NextEra Energy

In related 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 sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This 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 this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 1.0%

NYSE NEE opened at $70.82 on Tuesday. The company has a market capitalization of $145.79 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company’s fifty day moving average price is $69.63 and its two-hundred day moving average price is $70.21.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate 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 21.81% and a return on equity of 12.06%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. NextEra Energy’s dividend payout ratio (DPR) is 85.02%.

About NextEra Energy

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.