Profund Advisors LLC reduced its position in shares of NextEra Energy Inc (NYSE:NEE) by 14.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 37,418 shares of the utilities provider’s stock after selling 6,069 shares during the period. Profund Advisors LLC’s holdings in NextEra Energy were worth $4,803,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in NEE. Flow Traders U.S. LLC bought a new stake in NextEra Energy during the third quarter worth approximately $129,000. James Investment Research Inc. boosted its stake in NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the utilities provider’s stock worth $131,000 after buying an additional 344 shares during the period. Pacific Center for Financial Services bought a new stake in NextEra Energy during the fourth quarter worth approximately $136,000. Woodmont Investment Counsel LLC bought a new stake in NextEra Energy during the third quarter worth approximately $138,000. Finally, Norway Savings Bank bought a new stake in NextEra Energy during the fourth quarter worth approximately $158,000. Institutional investors and hedge funds own 73.69% of the company’s stock.
NextEra Energy Inc (NYSE:NEE) opened at 137.29 on Friday. NextEra Energy Inc has a 12-month low of $110.49 and a 12-month high of $137.73. The stock’s 50 day moving average is $132.71 and its 200 day moving average is $125.02. The stock has a market capitalization of $64.27 billion, a price-to-earnings ratio of 16.70 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the company earned $1.55 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts forecast that NextEra Energy Inc will post $6.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 30th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Thursday, May 25th. NextEra Energy’s dividend payout ratio is presently 56.04%.
A number of analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Royal Bank of Canada reissued a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. Barclays PLC reissued an “overweight” rating and set a $150.00 price target (up from $139.00) on shares of NextEra Energy in a research report on Sunday, April 23rd. Deutsche Bank AG raised their price target on shares of NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Finally, Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $141.30.
In related news, CEO Armando Pimentel, Jr. sold 5,680 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total transaction of $756,064.80. Following the completion of the sale, the chief executive officer now directly owns 79,586 shares of the company’s stock, valued at $10,593,692.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William H. Swanson purchased 3,860 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were bought at an average cost of $128.86 per share, with a total value of $497,399.60. Following the completion of the acquisition, the director now owns 25,180 shares of the company’s stock, valued at $3,244,694.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 94,200 shares of company stock valued at $12,633,902. Corporate insiders own 0.66% of the company’s stock.
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.
Receive News & Ratings for NextEra Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.