NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,056 shares of the utilities provider’s stock after purchasing an additional 275 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in NextEra Energy were worth $358,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. LaFleur & Godfrey LLC lifted its holdings in NextEra Energy by 9.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock valued at $323,000 after acquiring an additional 400 shares during the last quarter. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in NextEra Energy by 2.6% in the 4th quarter. Boston Trust Walden Corp now owns 31,504 shares of the utilities provider’s stock valued at $2,259,000 after acquiring an additional 784 shares during the last quarter. Finally, Tanager Wealth Management LLP lifted its holdings in NextEra Energy by 6.6% in the 4th quarter. Tanager Wealth Management LLP now owns 3,390 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEE. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company cut their price target on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Finally, Barclays cut their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

NextEra Energy Price Performance

Shares of NEE opened at $69.87 on Thursday. The company has a market capitalization of $143.84 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business’s 50-day moving average is $68.41 and its 200-day moving average is $70.71.

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, meeting analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

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.