Azimuth Capital Management LLC reduced its position in shares of NextEra Energy Inc (NYSE:NEE) by 6.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,614 shares of the utilities provider’s stock after selling 1,089 shares during the quarter. Azimuth Capital Management LLC’s holdings in NextEra Energy were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc boosted its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after buying an additional 815,916 shares during the period. BlackRock Inc. boosted its holdings in shares of NextEra Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after buying an additional 886,301 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of NextEra Energy by 17,067.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after buying an additional 8,771,018 shares during the period. Norges Bank bought a new stake in shares of NextEra Energy during the 4th quarter worth $1,172,014,000. Finally, Northern Trust Corp boosted its holdings in shares of NextEra Energy by 4.2% during the 4th quarter. Northern Trust Corp now owns 6,679,055 shares of the utilities provider’s stock worth $1,160,953,000 after buying an additional 270,346 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on NEE shares. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Morgan Stanley increased their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Goldman Sachs Group downgraded shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target for the company. in a report on Monday, April 8th. Credit Suisse Group set a $199.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Scotiabank raised shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $187.00 to $202.00 in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $203.46.

In other news, Director James L. Robo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $204.86, for a total transaction of $3,072,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 5,916 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the transaction, the executive vice president now directly owns 51,454 shares of the company’s stock, valued at $9,889,458.80. The disclosure for this sale can be found here. Insiders have sold a total of 198,339 shares of company stock valued at $38,475,406 over the last ninety days. 0.48% of the stock is owned by insiders.

Shares of NextEra Energy stock opened at $201.97 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. NextEra Energy Inc has a fifty-two week low of $155.27 and a fifty-two week high of $208.47. The firm has a market capitalization of $97.44 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.10 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The firm had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the firm earned $1.94 EPS. On average, equities research analysts expect that NextEra Energy Inc will post 8.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, May 31st. NextEra Energy’s payout ratio is 64.94%.

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NextEra Energy Company 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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

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