39,975 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Chancellor Financial Group WB LP

Chancellor Financial Group WB LP acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,975 shares of the utilities provider's stock, valued at approximately $2,866,000. NextEra Energy comprises approximately 2.3% of Chancellor Financial Group WB LP's holdings, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. LaFleur & Godfrey LLC raised its stake in NextEra Energy by 9.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after purchasing an additional 400 shares during the last quarter. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Drive Wealth Management LLC raised its stake in NextEra Energy by 13.0% during the 4th quarter. Drive Wealth Management LLC now owns 6,024 shares of the utilities provider's stock valued at $432,000 after purchasing an additional 692 shares during the last quarter. KBC Group NV raised its stake in NextEra Energy by 5.4% during the 4th quarter. KBC Group NV now owns 169,436 shares of the utilities provider's stock valued at $12,147,000 after purchasing an additional 8,634 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in NextEra Energy by 37.6% during the 4th quarter. Pacer Advisors Inc. now owns 210,113 shares of the utilities provider's stock valued at $15,063,000 after purchasing an additional 57,372 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEE. Barclays lowered their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Finally, Guggenheim reissued a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.50.

NextEra Energy Trading Up 2.1%

NextEra Energy stock traded up $1.48 during trading hours on Friday, reaching $70.47. 18,800,654 shares of the company's stock traded hands, compared to its average volume of 11,141,433. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm has a market capitalization of $145.07 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.45 and a beta of 0.69. The firm's 50 day moving average is $68.36 and its 200-day moving average is $70.84.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates 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 net margin of 28.06% and a return on equity of 11.85%. NextEra Energy's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 84.64%.

Insider Activity at NextEra Energy

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 sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.

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.