Greenwood Capital Associates LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Greenwood Capital Associates LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,356 shares of the utilities provider’s stock after purchasing an additional 6,964 shares during the quarter. Greenwood Capital Associates LLC’s holdings in NextEra Energy were worth $5,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. GPS Wealth Strategies Group LLC raised its holdings in shares of NextEra Energy by 4.2% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 5,304 shares of the utilities provider’s stock valued at $376,000 after buying an additional 213 shares during the period. Simon Quick Advisors LLC boosted its stake in shares of NextEra Energy by 16.2% during the 1st quarter. Simon Quick Advisors LLC now owns 12,011 shares of the utilities provider’s stock valued at $851,000 after buying an additional 1,677 shares during the last quarter. Baker Ellis Asset Management LLC grew its position in shares of NextEra Energy by 6.4% during the first quarter. Baker Ellis Asset Management LLC now owns 12,416 shares of the utilities provider’s stock worth $880,000 after buying an additional 750 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its stake in shares of NextEra Energy by 8.3% in the first quarter. McKinley Carter Wealth Services Inc. now owns 33,783 shares of the utilities provider’s stock worth $2,395,000 after buying an additional 2,589 shares during the last quarter. Finally, Focus Financial Network Inc. raised its holdings in NextEra Energy by 2.8% in the first quarter. Focus Financial Network Inc. now owns 9,077 shares of the utilities provider’s stock valued at $643,000 after acquiring an additional 251 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.2%

Shares of NextEra Energy stock opened at $72.94 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The business’s fifty day moving average price is $68.61 and its two-hundred day moving average price is $70.55. The company has a market capitalization of $150.16 billion, a P/E ratio of 21.64, a PEG ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed 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. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

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.