West Oak Capital LLC lessened its stake in shares of NextEra Energy Inc (NYSE:NEE) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,323 shares of the utilities provider’s stock after selling 658 shares during the period. NextEra Energy accounts for approximately 1.7% of West Oak Capital LLC’s holdings, making the stock its 4th biggest position. West Oak Capital LLC’s holdings in NextEra Energy were worth $2,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Gables Capital Management Inc. bought a new position in shares of NextEra Energy in the 1st quarter valued at about $105,000. Centersquare Investment Management LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at about $150,000. Stelac Advisory Services LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at about $151,000. Aristotle Capital Management LLC bought a new position in shares of NextEra Energy in the 1st quarter valued at about $152,000. Finally, Bray Capital Advisors bought a new position in shares of NextEra Energy in the 1st quarter valued at about $184,000. 75.92% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on NEE. ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. KeyCorp increased their price target on shares of NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, April 18th. Morgan Stanley lowered their price target on shares of NextEra Energy from $172.00 to $169.00 and set an “overweight” rating for the company in a report on Wednesday, June 13th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 price target for the company. in a report on Wednesday, April 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, April 26th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $170.64.

In related news, Director James L. Robo sold 81,489 shares of the stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $156.81, for a total value of $12,778,290.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric E. Silagy sold 11,114 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $160.82, for a total transaction of $1,787,353.48. Following the transaction, the director now directly owns 25,898 shares in the company, valued at $4,164,916.36. The disclosure for this sale can be found here. Insiders sold a total of 118,939 shares of company stock worth $18,698,946 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

NextEra Energy opened at $168.54 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.59. NextEra Energy Inc has a 1-year low of $138.00 and a 1-year high of $169.53. The stock has a market capitalization of $79.36 billion, a P/E ratio of 25.16, a PEG ratio of 2.53 and a beta of 0.29.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.16. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the company posted $1.75 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. sell-side analysts expect that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Tuesday, June 5th were given a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Monday, June 4th. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.

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 natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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.