Parkside Financial Bank & Trust cut its holdings in NextEra Energy Inc (NYSE:NEE) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,742 shares of the utilities provider’s stock after selling 139 shares during the quarter. Parkside Financial Bank & Trust’s holdings in NextEra Energy were worth $767,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NEE. Northern Trust Corp grew its stake in NextEra Energy by 1.6% during the first quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock worth $1,311,963,000 after purchasing an additional 107,426 shares during the period. California Public Employees Retirement System lifted its holdings in NextEra Energy by 20.1% during the first quarter. California Public Employees Retirement System now owns 2,886,266 shares of the utilities provider’s stock worth $557,973,000 after acquiring an additional 483,263 shares during the period. Commonwealth Bank of Australia lifted its holdings in NextEra Energy by 4.9% during the first quarter. Commonwealth Bank of Australia now owns 2,272,592 shares of the utilities provider’s stock worth $439,322,000 after acquiring an additional 106,769 shares during the period. Pictet Asset Management Ltd. lifted its holdings in NextEra Energy by 23.6% during the first quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock worth $390,846,000 after acquiring an additional 385,763 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in NextEra Energy by 4.8% during the first quarter. Neuberger Berman Group LLC now owns 1,978,741 shares of the utilities provider’s stock worth $382,530,000 after acquiring an additional 91,003 shares during the period. 76.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of NEE traded down $1.05 during mid-day trading on Thursday, hitting $220.21. The stock had a trading volume of 59,775 shares, compared to its average volume of 1,725,215. The firm has a market cap of $104.90 billion, a P/E ratio of 28.53, a PEG ratio of 3.26 and a beta of 0.22. The business has a fifty day moving average price of $211.53 and a 200-day moving average price of $198.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. NextEra Energy Inc has a 52 week low of $164.25 and a 52 week high of $221.34.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the company posted $2.08 EPS. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, research analysts expect that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.27%. NextEra Energy’s payout ratio is 64.94%.

In related news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $202.90, for a total transaction of $324,640.00. Following the sale, the director now directly owns 18,315 shares in the company, valued at approximately $3,716,113.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,878 shares of company stock worth $17,312,768. 0.48% of the stock is currently owned by corporate insiders.

NEE has been the topic of a number of recent analyst reports. KeyCorp initiated coverage on NextEra Energy in a report on Tuesday, June 4th. They set an “overweight” rating and a $225.00 price target on the stock. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. UBS Group boosted their target price on NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Guggenheim boosted their target price on NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, Morgan Stanley set a $233.00 target price on NextEra Energy and gave the company a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $214.38.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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