23,407 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Good Steward Wealth Advisors LLC

Good Steward Wealth Advisors LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,407 shares of the utilities provider's stock, valued at approximately $1,659,000. NextEra Energy makes up approximately 1.5% of Good Steward Wealth Advisors LLC's portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of NextEra Energy during the 4th quarter worth $3,484,197,000. Boston Partners bought a new position in NextEra Energy during the fourth quarter worth about $244,169,000. Two Sigma Advisers LP purchased a new position in shares of NextEra Energy in the fourth quarter worth about $240,269,000. Amundi raised its position in shares of 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 lifted its stake 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 valued at $567,093,000 after buying an additional 2,517,369 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NEE. Morgan Stanley reduced their price objective 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. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.50.

Insider Buying and Selling at NextEra Energy

In related 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 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. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.04 on Friday, hitting $71.61. The company's stock had a trading volume of 15,182,372 shares, compared to its average volume of 11,028,112. The company has a 50-day simple moving average of $69.57 and a 200 day simple moving average of $70.32. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a market capitalization of $147.41 billion, a PE ratio of 26.82, a PEG ratio of 2.52 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 announced its 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 net margin of 21.81% and a return on equity of 12.06%. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed 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. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 84.64%.

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.