Texas Yale Capital Corp. lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,531 shares of the utilities provider’s stock after selling 2,010 shares during the period. Texas Yale Capital Corp.’s holdings in NextEra Energy were worth $2,636,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Harbour Investment Management LLC purchased a new stake in shares of NextEra Energy during the first quarter valued at about $2,025,000. Maple Capital Management Inc. boosted its stake in shares of NextEra Energy by 3.3% in the first quarter. Maple Capital Management Inc. now owns 3,097 shares of the utilities provider’s stock valued at $398,000 after buying an additional 100 shares during the period. AT Bancorp boosted its stake in shares of NextEra Energy by 9.6% in the first quarter. AT Bancorp now owns 12,148 shares of the utilities provider’s stock valued at $1,559,000 after buying an additional 1,068 shares during the period. Pinnacle Financial Partners Inc. boosted its stake in shares of NextEra Energy by 5.7% in the first quarter. Pinnacle Financial Partners Inc. now owns 4,109 shares of the utilities provider’s stock valued at $527,000 after buying an additional 220 shares during the period. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in shares of NextEra Energy by 3.5% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 4,345 shares of the utilities provider’s stock valued at $558,000 after buying an additional 145 shares during the period. 77.89% of the stock is currently owned by institutional investors and hedge funds.

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

NextEra Energy, Inc. (NYSE NEE) opened at 142.84 on Friday. The company has a market cap of $66.87 billion, a P/E ratio of 17.38 and a beta of 0.33. The firm has a 50-day moving average price of $138.21 and a 200 day moving average price of $128.21. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $143.17.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter last year, the business posted $1.55 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post $6.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 30th were given a dividend of $0.9825 per share. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $3.93 dividend on an annualized basis and a yield of 2.75%. NextEra Energy’s payout ratio is 47.87%.

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Several brokerages have recently issued reports on NEE. BidaskClub cut NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Morgan Stanley upped their price objective on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, May 8th. Royal Bank Of Canada restated a “buy” rating and set a $144.00 price target on shares of NextEra Energy in a report on Tuesday, May 2nd. Barclays PLC restated an “overweight” rating and set a $150.00 price target (up previously from $139.00) on shares of NextEra Energy in a report on Sunday, April 23rd. Finally, Deutsche Bank AG increased their price target on NextEra Energy from $128.00 to $132.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $142.11.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 5,680 shares of NextEra Energy stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the sale, the chief executive officer now owns 79,586 shares in the company, valued at $10,593,692.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,179 shares of company stock worth $10,091,188. 0.53% of the stock is currently owned by company insiders.

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.

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