Yousif Capital Management LLC Has $25.69 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Yousif Capital Management LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,401 shares of the utilities provider’s stock after selling 2,666 shares during the period. Yousif Capital Management LLC’s holdings in NextEra Energy were worth $25,691,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $33,000. Copia Wealth Management acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $36,000. Midwest Capital Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $44,000. Finally, Promus Capital LLC purchased a new stake in NextEra Energy in the 4th quarter valued at about $45,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. 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 research note on Tuesday, March 11th. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Finally, Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.50.

NextEra Energy Trading Down 0.3%

Shares of NEE opened at $71.91 on Tuesday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a 50-day moving average of $68.48 and a 200 day moving average of $70.52. The firm has a market capitalization of $148.04 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is currently 84.64%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

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.