Chesley Taft & Associates LLC Purchases 1,561 Shares of NextEra Energy, Inc. (NYSE:NEE)

Chesley Taft & Associates LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,479 shares of the utilities provider’s stock after acquiring an additional 1,561 shares during the quarter. Chesley Taft & Associates LLC’s holdings in NextEra Energy were worth $10,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of NextEra Energy by 24.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 46,920 shares of the utilities provider’s stock valued at $3,326,000 after buying an additional 9,091 shares during the last quarter. Lake Street Private Wealth LLC grew its holdings in NextEra Energy by 52.9% during the 1st quarter. Lake Street Private Wealth LLC now owns 7,018 shares of the utilities provider’s stock valued at $498,000 after buying an additional 2,427 shares in the last quarter. Fermata Advisors LLC increased its stake in NextEra Energy by 74.7% in the 1st quarter. Fermata Advisors LLC now owns 7,506 shares of the utilities provider’s stock worth $532,000 after acquiring an additional 3,210 shares during the last quarter. Naples Global Advisors LLC raised its holdings in shares of NextEra Energy by 2.3% during the 1st quarter. Naples Global Advisors LLC now owns 94,807 shares of the utilities provider’s stock worth $6,721,000 after acquiring an additional 2,150 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC raised its holdings in shares of NextEra Energy by 5.8% during the 1st quarter. Warren Street Wealth Advisors LLC now owns 5,056 shares of the utilities provider’s stock worth $358,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. UBS Group decreased their target price on shares of 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 for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $83.50.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $69.87 on Thursday. The firm’s 50 day simple moving average is $68.41 and its 200-day simple moving average is $70.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a market cap of $143.84 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

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.