Cypress Capital Group maintained its stake in NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,890 shares of the utilities provider’s stock at the end of the first quarter. Cypress Capital Group’s holdings in NextEra Energy were worth $884,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the period. Pinnacle Bank bought a new stake in NextEra Energy during the first quarter valued at approximately $161,000. Norway Savings Bank raised its stake in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the period. Baystate Wealth Management LLC raised its stake in NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the period. Finally, Ruggie Capital Group bought a new stake in NextEra Energy during the first quarter valued at approximately $191,000. 76.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy, Inc. (NEE) traded down 0.4056% during trading on Friday, hitting $147.1208. The stock had a trading volume of 460,454 shares. The firm has a market cap of $69.03 billion, a P/E ratio of 16.8504 and a beta of 0.32. The stock’s 50 day moving average price is $143.21 and its 200 day moving average price is $134.86. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $148.30.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. 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 company earned $1.67 EPS. NextEra Energy’s revenue was up 15.4% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.

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Several analysts recently commented on NEE shares. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $144.00 target price on shares of NextEra Energy in a report on Tuesday, May 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $156.00 target price (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, UBS AG reaffirmed a “buy” rating and set a $143.00 target price (up from $138.00) on shares of NextEra Energy in a report on Tuesday, April 18th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. NextEra Energy currently has an average rating of “Buy” and a consensus target price of $148.64.

In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,431 shares of company stock worth $12,692,378. 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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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