NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,949 shares of the utilities provider’s stock after selling 502 shares during the period. Grimes & Company Inc.’s holdings in NextEra Energy were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meridian Financial Partners LLC lifted its holdings in shares of NextEra Energy by 2.6% during the first quarter. Meridian Financial Partners LLC now owns 23,035 shares of the utilities provider’s stock worth $1,421,000 after purchasing an additional 577 shares during the period. Criterion Capital Advisors LLC acquired a new stake in NextEra Energy during the 1st quarter valued at approximately $181,000. Toth Financial Advisory Corp boosted its holdings in shares of NextEra Energy by 625.9% in the 1st quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 701 shares during the last quarter. Opinicus Capital Inc. increased its stake in shares of NextEra Energy by 68.8% in the first quarter. Opinicus Capital Inc. now owns 9,859 shares of the utilities provider’s stock worth $630,000 after acquiring an additional 4,017 shares during the period. Finally, Avity Investment Management Inc. raised its holdings in shares of NextEra Energy by 4.1% during the first quarter. Avity Investment Management Inc. now owns 19,828 shares of the utilities provider’s stock worth $1,267,000 after purchasing an additional 776 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $70.81 on Friday. The stock has a market capitalization of $145.48 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.42 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The firm has a 50-day simple moving average of $73.25 and a 200-day simple moving average of $64.50. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the company earned $0.84 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NEE shares. Bank of America increased their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Morgan Stanley raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Barclays cut their price target on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their price objective on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $77.57.

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.