Alpine Bank Wealth Management Invests $815,000 in NextEra Energy, Inc. (NYSE:NEE)

Alpine Bank Wealth Management bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,498 shares of the utilities provider's stock, valued at approximately $815,000.

Several other large investors have also recently made changes to their positions in NEE. Tortoise Investment Management LLC grew its stake in shares of NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after buying an additional 149 shares in the last quarter. Anchor Capital Advisors LLC grew its position in shares of NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock valued at $223,000 after purchasing an additional 150 shares during the last quarter. Cim LLC lifted its holdings in shares of NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares during the last quarter. Investment Partners LTD. raised its stake in NextEra Energy by 4.9% during the 4th quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider's stock valued at $242,000 after purchasing an additional 159 shares during the last quarter. Finally, Exencial Wealth Advisors LLC grew its position in NextEra Energy by 1.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock worth $866,000 after buying an additional 160 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on NEE shares. BMO Capital Markets dropped their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Morgan Stanley dropped their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Seven equities 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 an average rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.69 during mid-day trading on Thursday, reaching $71.03. 8,010,651 shares of the company's stock were exchanged, compared to its average volume of 10,966,112. The firm has a 50-day moving average price of $69.80 and a two-hundred day moving average price of $70.22. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a market capitalization of $146.22 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.48 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly 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 business 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 12.06% and a net margin of 21.81%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.19%. NextEra Energy's payout ratio is 85.02%.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated 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 directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

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.