Traveka Wealth LLC Purchases Shares of 3,966 NextEra Energy, Inc. (NYSE:NEE)

Traveka Wealth LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,966 shares of the utilities provider's stock, valued at approximately $281,000.

Several other large investors also recently added to or reduced their stakes in the business. Jackson Wealth Management LLC increased its holdings in shares of NextEra Energy by 3.3% in the first quarter. Jackson Wealth Management LLC now owns 116,349 shares of the utilities provider's stock worth $8,248,000 after buying an additional 3,701 shares during the period. McGlone Suttner Wealth Management Inc. increased its holdings in shares of NextEra Energy by 11.7% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 7,184 shares of the utilities provider's stock worth $509,000 after buying an additional 752 shares during the period. Sierra Ocean LLC increased its holdings in shares of NextEra Energy by 36.9% in the first quarter. Sierra Ocean LLC now owns 879 shares of the utilities provider's stock worth $62,000 after buying an additional 237 shares during the period. Novare Capital Management LLC increased its holdings in shares of NextEra Energy by 4.5% in the first quarter. Novare Capital Management LLC now owns 117,753 shares of the utilities provider's stock worth $8,348,000 after buying an additional 5,110 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of NextEra Energy by 31.9% in the first quarter. Concurrent Investment Advisors LLC now owns 120,586 shares of the utilities provider's stock worth $8,548,000 after buying an additional 29,131 shares during the period. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on 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 directly owned 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Barclays reduced their price target 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. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

NextEra Energy Stock Up 1.7%

Shares of NEE traded up $1.21 during mid-day trading on Wednesday, reaching $73.67. The company had a trading volume of 8,808,049 shares, compared to its average volume of 12,544,402. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The firm has a 50-day moving average price of $70.90 and a 200 day moving average price of $70.19. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a market capitalization of $151.66 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. On average, sell-side analysts forecast 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. Stockholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. NextEra Energy's payout ratio is 85.02%.

NextEra Energy 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.