Campbell Deegan Wealth Management LLC Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Campbell Deegan Wealth Management LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,096 shares of the utilities provider's stock, valued at approximately $580,000. NextEra Energy comprises about 0.7% of Campbell Deegan Wealth Management LLC's portfolio, making the stock its 16th biggest position.

A number of other large investors have also recently bought and sold shares of NEE. Bellwether Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $36,000. Copia Wealth Management acquired a new position in NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds 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 NextEra Energy 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 completion of the transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE traded up $1.48 during mid-day trading on Friday, hitting $70.47. 18,800,654 shares of the stock were exchanged, compared to its average volume of 11,141,433. The stock has a market capitalization of $145.07 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The firm's 50-day simple moving average is $68.36 and its 200 day simple moving average is $70.84. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 11.85% and a net margin of 28.06%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. As a group, equities analysts anticipate 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 will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.22%. NextEra Energy's dividend payout ratio is presently 84.64%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Barclays reduced their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. increased 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $83.50.

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.