Pittenger & Anderson Inc. Has $1.37 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Pittenger & Anderson Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 81.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,259 shares of the utilities provider’s stock after selling 83,093 shares during the period. Pittenger & Anderson Inc.’s holdings in NextEra Energy were worth $1,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Westmount Partners LLC raised its position in shares of NextEra Energy by 5.1% during the first quarter. Westmount Partners LLC now owns 6,526 shares of the utilities provider’s stock worth $463,000 after purchasing an additional 316 shares during the period. Fulton Breakefield Broenniman LLC raised its position in shares of NextEra Energy by 1.0% during the first quarter. Fulton Breakefield Broenniman LLC now owns 378,080 shares of the utilities provider’s stock worth $26,802,000 after purchasing an additional 3,754 shares during the period. Stephens Inc. AR raised its position in shares of NextEra Energy by 5.0% during the first quarter. Stephens Inc. AR now owns 215,181 shares of the utilities provider’s stock worth $15,254,000 after purchasing an additional 10,189 shares during the period. New York State Common Retirement Fund raised its position in shares of NextEra Energy by 6.3% during the first quarter. New York State Common Retirement Fund now owns 2,935,170 shares of the utilities provider’s stock worth $208,074,000 after purchasing an additional 175,253 shares during the period. Finally, Platform Technology Partners raised its position in shares of NextEra Energy by 13.9% during the first quarter. Platform Technology Partners now owns 37,741 shares of the utilities provider’s stock worth $2,675,000 after purchasing an additional 4,615 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NEE. Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. UBS Group dropped their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.73.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was 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 owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $74.35 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock’s 50-day moving average is $71.35 and its two-hundred day moving average is $70.20. The firm has a market cap of $153.06 billion, a P/E ratio of 27.85, a PEG ratio of 2.62 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior year, the firm posted $0.91 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.05%. NextEra Energy’s dividend payout ratio (DPR) is presently 85.02%.

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,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.