NextEra Energy, Inc. (NYSE:NEE) Stake Lessened by Fifth Third Bancorp

Fifth Third Bancorp lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.8% in the first quarter, Holdings Channel reports. The institutional investor owned 1,967,823 shares of the utilities provider’s stock after selling 76,957 shares during the quarter. Fifth Third Bancorp’s holdings in NextEra Energy were worth $139,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. L.M. Kohn & Company increased its stake in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after buying an additional 145 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after buying an additional 149 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in shares of NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider’s stock worth $223,000 after buying an additional 150 shares during the last quarter. Aspen Investment Management Inc increased its stake in shares of NextEra Energy by 1.0% in the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider’s stock worth $1,083,000 after buying an additional 151 shares during the last quarter. Finally, Cim LLC raised its holdings in shares of NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock worth $2,397,000 after purchasing an additional 158 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $72.94 on Thursday. The firm has a 50-day moving average price of $68.61 and a 200 day moving average price of $70.55. The firm has a market capitalization of $150.16 billion, a PE ratio of 21.64, a P/E/G ratio of 2.45 and a beta of 0.68. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. NextEra Energy’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.11%. NextEra Energy’s dividend payout ratio is presently 84.64%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, BMO Capital Markets dropped their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.50.

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.