PUREfi Wealth LLC Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

PUREfi Wealth LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 71.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,133 shares of the utilities provider’s stock after buying an additional 4,215 shares during the quarter. PUREfi Wealth LLC’s holdings in NextEra Energy were worth $718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Norges Bank purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $3,484,197,000. Boston Partners purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $244,169,000. Two Sigma Advisers LP purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $240,269,000. Amundi grew its holdings in NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after purchasing an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System grew its holdings in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock valued at $567,093,000 after purchasing an additional 2,517,369 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 2.5%

Shares of NEE stock opened at $71.92 on Wednesday. The stock has a market cap of $148.05 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm’s 50 day moving average price is $69.28 and its two-hundred day moving average price is $70.38.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.15%. NextEra Energy’s payout ratio is currently 85.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NEE shares. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Barclays lowered their target price on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company lowered their target price 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 reduced their price target 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. Finally, Guggenheim reaffirmed a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

About NextEra Energy

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.