NextEra Energy, Inc. (NYSE:NEE) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,178 shares of the utilities provider’s stock after selling 435 shares during the period. William Blair Investment Management LLC’s holdings in NextEra Energy were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at $2,561,055,000. Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after acquiring an additional 429,979 shares in the last quarter. Nordea Investment Management AB lifted its stake in NextEra Energy by 22.3% during the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after acquiring an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in NextEra Energy by 10.5% during the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after acquiring an additional 629,032 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in NextEra Energy by 8.2% during the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after acquiring an additional 449,387 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NEE shares. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. Citigroup increased their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Bank of America increased their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Evercore ISI upped their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Finally, Scotiabank upped their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $77.79.

NextEra Energy Stock Down 1.4 %

Shares of NEE traded down $1.00 during mid-day trading on Wednesday, reaching $70.90. The company’s stock had a trading volume of 11,878,672 shares, compared to its average volume of 11,790,809. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The stock has a market cap of $145.67 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.43 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The company’s 50 day moving average is $74.26 and its 200 day moving average is $65.49.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.91%. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.