James Investment Research Inc. Has $2.46 Million Position in NextEra Energy, Inc. (NYSE:NEE)

James Investment Research Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 26.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,743 shares of the utilities provider’s stock after selling 12,342 shares during the quarter. James Investment Research Inc.’s holdings in NextEra Energy were worth $2,463,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Bellwether Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth about $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the 4th quarter worth about $36,000. Hughes Financial Services LLC bought a new stake in NextEra Energy in the 1st quarter valued at about $40,000. Finally, Graney & King LLC bought a new stake in NextEra Energy in the 4th quarter valued at about $46,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other 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 transaction of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NEE. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Wells Fargo & Company decreased their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Finally, Guggenheim reiterated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $84.08.

NextEra Energy Trading Down 0.4%

NextEra Energy stock opened at $74.76 on Wednesday. The stock has a market cap of $153.89 billion, a P/E ratio of 28.00, a PEG ratio of 2.64 and a beta of 0.67. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm’s fifty day moving average price is $71.70 and its 200-day moving average price is $70.25. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

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, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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

NextEra Energy Company 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.