Stanley Laman Group Ltd. Purchases New Holdings in NextEra Energy, Inc. (NYSE:NEE)

Stanley Laman Group Ltd. bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,994 shares of the utilities provider's stock, valued at approximately $283,000.

Other institutional investors have also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new position in NextEra Energy in the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $33,000. Copia Wealth Management acquired a new stake in NextEra Energy during the 4th quarter worth about $36,000. Midwest Capital Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at $44,000. Finally, Promus Capital LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $45,000. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NEE shares. 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 research report on Thursday, April 24th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays lowered 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. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Seven equities 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.50.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Trading Up 1.2%

NEE stock traded up $0.86 during trading on Friday, reaching $74.70. 13,213,340 shares of the stock were exchanged, compared to its average volume of 11,064,661. The business has a 50 day moving average price of $69.00 and a 200-day moving average price of $70.52. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $153.78 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. NextEra Energy's payout ratio is 84.64%.

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.