49 Wealth Management LLC Buys 5,034 Shares of NextEra Energy, Inc. (NYSE:NEE)

49 Wealth Management LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 179.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,845 shares of the utilities provider's stock after buying an additional 5,034 shares during the period. 49 Wealth Management LLC's holdings in NextEra Energy were worth $556,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NEE. Liberty One Investment Management LLC raised its stake in shares of NextEra Energy by 3.9% during the 1st quarter. Liberty One Investment Management LLC now owns 66,079 shares of the utilities provider's stock worth $4,684,000 after purchasing an additional 2,503 shares during the period. Stratos Investment Management LLC lifted its stake in NextEra Energy by 23.9% in the first quarter. Stratos Investment Management LLC now owns 72,440 shares of the utilities provider's stock valued at $5,135,000 after purchasing an additional 13,979 shares during the last quarter. Investment Partners LTD. lifted its stake in NextEra Energy by 14.3% in the first quarter. Investment Partners LTD. now owns 3,858 shares of the utilities provider's stock valued at $274,000 after purchasing an additional 482 shares during the last quarter. Brown Advisory Inc. lifted its stake in NextEra Energy by 2.7% in the first quarter. Brown Advisory Inc. now owns 242,727 shares of the utilities provider's stock valued at $17,207,000 after purchasing an additional 6,485 shares during the last quarter. Finally, Planning Directions Inc. raised its stake in NextEra Energy by 72.3% in the 1st quarter. Planning Directions Inc. now owns 5,768 shares of the utilities provider's stock valued at $409,000 after acquiring an additional 2,420 shares during the period. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. Guggenheim restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. BMO Capital Markets reduced their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Barclays dropped their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.55.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. 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.

NextEra Energy Price Performance

Shares of NEE traded down $2.25 during trading hours on Tuesday, reaching $72.50. 19,550,562 shares of the company's stock traded hands, compared to its average volume of 11,095,515. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The stock has a market cap of $149.25 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.60 and a beta of 0.67. The firm's 50 day simple moving average is $70.79 and its 200-day simple moving average is $70.17.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is currently 84.64%.

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.