NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Alta Advisers Ltd

Alta Advisers Ltd grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 56.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,770 shares of the utilities provider's stock after acquiring an additional 3,900 shares during the quarter. Alta Advisers Ltd's holdings in NextEra Energy were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tortoise Investment Management LLC raised its stake in NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 149 shares in the last quarter. Cim LLC boosted its holdings in shares of NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares during the period. Investment Partners LTD. increased its position in shares of NextEra Energy by 4.9% during the 4th quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider's stock valued at $242,000 after purchasing an additional 159 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in NextEra Energy by 1.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock valued at $866,000 after acquiring an additional 160 shares during the last quarter. Finally, Wealth Dimensions Group Ltd. increased its stake in NextEra Energy by 4.3% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock worth $278,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company'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 sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents 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 through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NEE. UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $84.55.

NextEra Energy Stock Up 5.3%

NextEra Energy stock traded up $3.71 during midday trading on Tuesday, reaching $73.13. The company's stock had a trading volume of 23,838,106 shares, compared to its average volume of 11,023,021. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock has a market capitalization of $150.55 billion, a P/E ratio of 27.39, a PEG ratio of 2.50 and a beta of 0.68. 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 $70.08 and its 200-day simple moving average is $70.09.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.10%. NextEra Energy's payout ratio is currently 85.02%.

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.