Grandfield & Dodd LLC Has $648,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Grandfield & Dodd LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,146 shares of the utilities provider’s stock after selling 660 shares during the quarter. Grandfield & Dodd LLC’s holdings in NextEra Energy were worth $648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the period. Proficio Capital Partners LLC raised its stake in NextEra Energy by 88.0% in the 4th quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider’s stock valued at $946,000 after acquiring an additional 6,177 shares during the period. Harbour Investments Inc. raised its stake in NextEra Energy by 22.5% in the 4th quarter. Harbour Investments Inc. now owns 21,230 shares of the utilities provider’s stock valued at $1,522,000 after acquiring an additional 3,895 shares during the period. Finally, Cibc World Markets Corp raised its stake in NextEra Energy by 16.3% in the 4th quarter. Cibc World Markets Corp now owns 324,413 shares of the utilities provider’s stock valued at $23,257,000 after acquiring an additional 45,540 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 18th. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Finally, BMO Capital Markets decreased their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $84.08.

NextEra Energy Trading Down 0.4%

Shares of NextEra Energy stock opened at $74.76 on Wednesday. The firm’s 50-day moving average price is $71.70 and its two-hundred day moving average price is $70.25. The company has a market capitalization of $153.89 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.64 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 85.02%.

Insider Activity

In related 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 sale, the executive vice president directly owned 196,817 shares of the company’s stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.