Brown Miller Wealth Management LLC Buys 12,144 Shares of NextEra Energy, Inc. (NYSE:NEE)

Brown Miller Wealth Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 26.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,797 shares of the utilities provider's stock after purchasing an additional 12,144 shares during the quarter. NextEra Energy makes up 1.4% of Brown Miller Wealth Management LLC's investment portfolio, making the stock its 14th largest position. Brown Miller Wealth Management LLC's holdings in NextEra Energy were worth $4,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NEE. Bellwether Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth about $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $36,000. Midwest Capital Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $44,000. Finally, Promus Capital LLC bought a new stake in NextEra Energy during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction 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. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Barclays dropped their target price 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. Finally, Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Trading Down 1.3%

NEE traded down $0.98 during trading on Monday, hitting $73.80. 14,461,363 shares of the stock traded hands, compared to its average volume of 11,096,654. The firm has a 50-day moving average of $69.00 and a 200 day moving average of $70.40. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market capitalization of $151.93 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

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.