NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Wealth Effects LLC

Wealth Effects LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.0% in the first quarter, Holdings Channel.com reports. The fund owned 15,780 shares of the utilities provider’s stock after buying an additional 2,634 shares during the quarter. Wealth Effects LLC’s holdings in NextEra Energy were worth $1,119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Perigon Wealth Management LLC lifted its position in shares of NextEra Energy by 2.2% during the 1st quarter. Perigon Wealth Management LLC now owns 68,169 shares of the utilities provider’s stock valued at $4,832,000 after acquiring an additional 1,440 shares during the last quarter. Omnia Family Wealth LLC lifted its position in shares of NextEra Energy by 29.0% during the 1st quarter. Omnia Family Wealth LLC now owns 3,634 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 818 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of NextEra Energy during the 1st quarter valued at $815,000. HBK Sorce Advisory LLC lifted its position in shares of NextEra Energy by 13.8% during the 1st quarter. HBK Sorce Advisory LLC now owns 40,555 shares of the utilities provider’s stock valued at $2,875,000 after acquiring an additional 4,932 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of NextEra Energy by 142.9% during the 1st quarter. Golden State Wealth Management LLC now owns 16,797 shares of the utilities provider’s stock valued at $1,191,000 after acquiring an additional 9,881 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.39 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The business has a fifty day simple moving average of $69.80 and a 200 day simple moving average of $70.22. The firm has a market cap of $144.91 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the company earned $0.91 earnings per share. NextEra Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s payout ratio is 85.02%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NEE. Erste Group Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. 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 report on Tuesday, March 11th. Wells Fargo & Company reduced their target price on 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 target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Finally, Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.50.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the 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 $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 available through the SEC website. Company insiders own 0.20% of the company’s stock.

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.