Bartlett & CO. Wealth Management LLC Has $78.70 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Bartlett & CO. Wealth Management LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,110,121 shares of the utilities provider's stock after purchasing an additional 20,025 shares during the period. NextEra Energy makes up approximately 1.2% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its 25th largest holding. Bartlett & CO. Wealth Management LLC owned about 0.05% of NextEra Energy worth $78,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Somerset Trust Co boosted its position in shares of NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares in the last quarter. Viking Fund Management LLC grew its stake in NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after acquiring an additional 200,000 shares during the period. HFR Wealth Management LLC grew its stake in NextEra Energy by 1.4% in the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider's stock valued at $9,151,000 after acquiring an additional 1,799 shares during the period. Blackstone Inc. increased its holdings in shares of NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock worth $237,527,000 after acquiring an additional 1,423,730 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $96,115,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $71.03 on Friday. The business has a fifty day moving average price of $69.90 and a two-hundred day moving average price of $70.19. The stock has a market capitalization of $146.22 billion, a PE ratio of 26.60, a P/E/G ratio of 2.48 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. 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 earnings results 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 for 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 in the previous year, the business posted $0.91 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 85.02%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm'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 now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. Barclays reduced their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley decreased their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average target price of $84.50.

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.

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