49 Wealth Management LLC Has $556,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

49 Wealth Management LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 179.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,845 shares of the utilities provider's stock after acquiring an additional 5,034 shares during the period. 49 Wealth Management LLC's holdings in NextEra Energy were worth $556,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in NextEra Energy during the 4th quarter valued at $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy in the 4th quarter worth $36,000. Mascoma Wealth Management LLC raised its stake in shares of NextEra Energy by 41.3% in the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after buying an additional 188 shares in the last quarter. Finally, Graney & King LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $46,000. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business'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 completion of the sale, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEE. Guggenheim reissued 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 dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $84.73.

NextEra Energy Stock Down 0.4%

NEE traded down $0.29 during trading on Friday, reaching $74.35. 8,094,042 shares of the stock traded hands, compared to its average volume of 11,113,073. The stock has a market cap of $153.06 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The stock's 50-day simple moving average is $71.35 and its two-hundred day simple moving average is $70.24.

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 analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion during 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 business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.05%. NextEra Energy's dividend payout ratio is currently 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.