Gries Financial LLC Has $277,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Gries Financial LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,597 shares of the utilities provider’s stock after selling 733 shares during the quarter. Gries Financial LLC’s holdings in NextEra Energy were worth $277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of NextEra Energy in the 4th quarter valued at about $2,774,845,000. Moneta Group Investment Advisors LLC grew its holdings in NextEra Energy by 66,613.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after purchasing an additional 30,218,452 shares during the period. EP Wealth Advisors LLC acquired a new position in NextEra Energy during the first quarter worth approximately $322,214,000. Sarasin & Partners LLP raised its stake in NextEra Energy by 23,938.9% in the first quarter. Sarasin & Partners LLP now owns 3,646,697 shares of the utilities provider’s stock valued at $315,111,000 after buying an additional 3,631,527 shares during the period. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at approximately $166,747,000. 76.48% of the stock is owned by institutional investors.

NextEra Energy Trading Up 1.0 %

Shares of NEE stock opened at $68.43 on Thursday. The stock has a market cap of $138.48 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47. NextEra Energy, Inc. has a 1 year low of $65.36 and a 1 year high of $89.37. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.14. The stock has a 50 day simple moving average of $70.05 and a 200 day simple moving average of $73.47.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $6.68 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. During the same period in the prior year, the company posted $0.81 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.11 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th will be given a $0.4675 dividend. This represents a $1.87 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, August 29th. NextEra Energy’s payout ratio is presently 46.29%.

Insider Transactions at NextEra Energy

In other news, Director James Lawrence Camaren acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $67.85 per share, with a total value of $271,400.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $542,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Kirk S. Hachigian bought 10,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Lawrence Camaren bought 4,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $67.85 per share, with a total value of $271,400.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at $542,800. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. Morgan Stanley dropped their price target on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 23rd. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, August 30th. Royal Bank of Canada reduced their target price on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. Guggenheim lowered their price target on shares of NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Finally, StockNews.com initiated coverage on shares of NextEra Energy in a research report on Thursday, August 17th. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.90.

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, coal, and natural gas facilities. 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.