Callahan Advisors LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Callahan Advisors LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,164 shares of the utilities provider's stock after acquiring an additional 16,146 shares during the quarter. NextEra Energy makes up 1.6% of Callahan Advisors LLC's investment portfolio, making the stock its 22nd largest position. Callahan Advisors LLC's holdings in NextEra Energy were worth $16,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $33,000. Copia Wealth Management bought a new position in NextEra Energy during the 4th quarter worth approximately $36,000. Mascoma Wealth Management LLC grew its position in NextEra Energy by 41.3% during the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after acquiring an additional 188 shares during the last quarter. Finally, Graney & King LLC bought a new position in NextEra Energy during the 4th quarter worth approximately $46,000. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Morgan Stanley reduced their price target 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. Barclays lifted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wells Fargo & Company cut their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets lowered their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.73.

NextEra Energy Stock Down 0.2%

Shares of NextEra Energy stock traded down $0.14 on Monday, reaching $74.26. The company's stock had a trading volume of 3,438,758 shares, compared to its average volume of 11,083,235. 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, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a market capitalization of $152.87 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 2.62 and a beta of 0.67. The firm's fifty day simple moving average is $71.35 and its two-hundred day simple moving average is $70.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued 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. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 84.64%.

NextEra Energy 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.