Burling Wealth Partners LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Burling Wealth Partners LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,842 shares of the utilities provider's stock after acquiring an additional 4,926 shares during the quarter. NextEra Energy accounts for 1.0% of Burling Wealth Partners LLC's portfolio, making the stock its 29th biggest holding. Burling Wealth Partners LLC's holdings in NextEra Energy were worth $4,526,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cim LLC lifted its stake in shares of NextEra Energy by 0.5% during 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 last quarter. Conning Inc. lifted its stake in shares of NextEra Energy by 1.1% during the 1st quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after purchasing an additional 160 shares during the last quarter. Wealth Dimensions Group Ltd. lifted its stake in shares of NextEra Energy by 4.3% during the 4th 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 last quarter. Premier Path Wealth Partners LLC lifted its stake in shares of NextEra Energy by 0.7% during the 1st quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after purchasing an additional 166 shares during the last quarter. Finally, Opal Wealth Advisors LLC lifted its stake in shares of NextEra Energy by 2.9% during the 1st quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares in the company, 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 filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Barclays upped 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, July 10th. Morgan Stanley reduced their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. cut their price objective on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Seven investment 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.73 during midday trading on Friday, hitting $75.91. The stock had a trading volume of 7,985,565 shares, compared to its average volume of 11,030,002. The company has a market capitalization of $156.27 billion, a PE ratio of 28.43, a P/E/G ratio of 2.63 and a beta of 0.67. The stock has a 50 day simple moving average of $71.98 and a 200-day simple moving average of $70.31. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

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 for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 annualized dividend and a dividend yield of 2.99%. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

NextEra Energy Company 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.