NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Bender Robert & Associates

Bender Robert & Associates decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,198 shares of the utilities provider’s stock after selling 328 shares during the quarter. NextEra Energy comprises about 0.6% of Bender Robert & Associates’ investment portfolio, making the stock its 25th largest holding. Bender Robert & Associates’ holdings in NextEra Energy were worth $2,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $3,484,197,000. Boston Partners bought a new position in shares of NextEra Energy in the fourth quarter worth $244,169,000. Two Sigma Advisers LP acquired a new position in shares of NextEra Energy during the fourth quarter valued at $240,269,000. Amundi raised its stake in shares of NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after purchasing an additional 3,172,405 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after purchasing an additional 2,517,369 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NEE shares. Barclays decreased their target price on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

NextEra Energy Trading Down 2.5%

NextEra Energy stock opened at $71.92 on Wednesday. The firm has a market cap of $148.05 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm’s 50 day moving average price is $69.28 and its two-hundred day moving average price is $70.38. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.15%. NextEra Energy’s dividend payout ratio is currently 85.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on 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 approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.