Cerity Partners LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Cerity Partners LLC raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,298,524 shares of the utilities provider's stock after purchasing an additional 114,098 shares during the quarter. Cerity Partners LLC owned 0.06% of NextEra Energy worth $92,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Correct Capital Wealth Management increased its holdings in NextEra Energy by 3.3% in the 1st quarter. Correct Capital Wealth Management now owns 13,608 shares of the utilities provider's stock valued at $965,000 after purchasing an additional 438 shares in the last quarter. Vision Capital Management Inc. boosted its position in shares of NextEra Energy by 16.0% in the first quarter. Vision Capital Management Inc. now owns 60,141 shares of the utilities provider's stock worth $4,263,000 after buying an additional 8,287 shares during the period. Telos Capital Management Inc. grew its stake in shares of NextEra Energy by 1.4% in the first quarter. Telos Capital Management Inc. now owns 90,496 shares of the utilities provider's stock valued at $6,415,000 after buying an additional 1,249 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $424,000. Finally, Allworth Financial LP lifted its position in NextEra Energy by 6.4% during the 1st quarter. Allworth Financial LP now owns 389,849 shares of the utilities provider's stock worth $25,866,000 after acquiring an additional 23,521 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related 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 sale, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NEE. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday. UBS Group decreased their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company reduced their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.73.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $74.67 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $153.73 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 2.59 and a beta of 0.67. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The business has a 50 day simple moving average of $71.21 and a 200-day simple moving average of $70.23.

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 firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. NextEra Energy's payout ratio is currently 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.

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