Weiss Multi Strategy Advisers LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 53.2% during the first quarter, Holdings Channel reports. The fund owned 79,507 shares of the utilities provider’s stock after selling 90,483 shares during the period. Weiss Multi Strategy Advisers LLC’s holdings in NextEra Energy were worth $10,206,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of 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 worth $112,000 after buying an additional 71 shares in the last quarter. Pinnacle Bank purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $161,000. Norway Savings Bank increased its stake in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares in the last quarter. Baystate Wealth Management LLC increased its stake in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares in the last quarter. Finally, Ruggie Capital Group purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $191,000. 76.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NextEra Energy, Inc. (NYSE:NEE) traded down 0.0579% during midday trading on Thursday, hitting $147.1548. 270,973 shares of the stock were exchanged. The stock has a market cap of $69.05 billion, a P/E ratio of 16.8543 and a beta of 0.32. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $148.19. The stock’s 50-day moving average price is $143.02 and its 200 day moving average price is $134.77.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current 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 issued a $0.9825 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.67%. NextEra Energy’s dividend payout ratio is 45.02%.

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A number of research firms recently commented on NEE. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a research report on Tuesday, May 2nd. Morgan Stanley increased their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $150.00 target price (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) began coverage on shares of NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $148.18.

In other news, Director James L. Robo sold 52,320 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eric E. Silagy sold 8,111 shares of the company’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 completion of the transaction, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. 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 quarter. 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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