Telemus Capital LLC Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)

Telemus Capital LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.4% in the first quarter, Holdings Channel.com reports. The fund owned 79,664 shares of the utilities provider’s stock after selling 2,817 shares during the quarter. Telemus Capital LLC’s holdings in NextEra Energy were worth $6,117,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new stake in NextEra Energy during the fourth quarter valued at about $2,351,012,000. Northern Trust Corp lifted its stake in shares of NextEra Energy by 290.1% in the fourth quarter. Northern Trust Corp now owns 25,759,220 shares of the utilities provider’s stock worth $1,987,325,000 after acquiring an additional 19,155,193 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of NextEra Energy by 293.5% in the fourth quarter. Bank of New York Mellon Corp now owns 20,373,747 shares of the utilities provider’s stock worth $1,571,834,000 after acquiring an additional 15,195,906 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of NextEra Energy by 287.6% in the fourth quarter. California Public Employees Retirement System now owns 15,819,335 shares of the utilities provider’s stock worth $1,220,462,000 after acquiring an additional 11,737,595 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in shares of NextEra Energy by 637.5% in the fourth quarter. Bahl & Gaynor Inc. now owns 15,271,969 shares of the utilities provider’s stock worth $1,178,232,000 after acquiring an additional 13,201,254 shares in the last quarter. 19.20% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Eric E. Silagy sold 9,268 shares of the stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $80.00, for a total transaction of $741,440.00. Following the completion of the sale, the chief executive officer now owns 144,977 shares in the company, valued at approximately $11,598,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James L. Robo sold 118,000 shares of the stock in a transaction on Tuesday, March 2nd. The shares were sold at an average price of $76.02, for a total value of $8,970,360.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 192,680 shares of company stock valued at $14,718,893. 0.40% of the stock is currently owned by corporate insiders.

Several research firms recently commented on NEE. Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $87.00 to $85.00 in a research note on Monday, March 15th. Sanford C. Bernstein began coverage on NextEra Energy in a research note on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 price target on the stock. Bank of America restated a “buy” rating and set a $81.00 price objective on shares of NextEra Energy in a research note on Friday, January 15th. Morgan Stanley upped their price objective on NextEra Energy from $66.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Mizuho upped their price objective on NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 11th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $78.83.

NYSE NEE traded up $1.17 on Thursday, reaching $79.14. 131,841 shares of the stock traded hands, compared to its average volume of 9,052,493. The firm’s fifty day simple moving average is $75.29 and its 200 day simple moving average is $77.85. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.02. The company has a market cap of $155.23 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a 12 month low of $55.65 and a 12 month high of $87.69.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $5.01 billion. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. The firm’s quarterly revenue was down 19.2% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 2.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s payout ratio is currently 73.68%.

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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

Featured Article: What is operating income?

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.