Wendell David Associates Inc. Has $17.97 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Wendell David Associates Inc. raised its position in NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,471 shares of the utilities provider’s stock after buying an additional 490 shares during the quarter. NextEra Energy accounts for 1.8% of Wendell David Associates Inc.’s holdings, making the stock its 17th biggest holding. Wendell David Associates Inc.’s holdings in NextEra Energy were worth $17,969,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Norges Bank acquired a new stake in shares of NextEra Energy during the 4th quarter worth $3,484,197,000. Boston Partners bought a new stake in shares of NextEra Energy during the 4th quarter worth $244,169,000. Two Sigma Advisers LP bought a new stake in shares of NextEra Energy during the 4th quarter worth $240,269,000. Amundi lifted its position in shares of NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after buying an additional 3,172,405 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of NextEra Energy by 46.7% during the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after buying an additional 2,517,369 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

NEE opened at $73.80 on Tuesday. The stock’s 50 day simple moving average is $69.19 and its 200 day simple moving average is $70.37. 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 firm has a market cap of $151.93 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.45 and a beta of 0.68.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was 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. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Barclays dropped their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

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.