Community Financial Services Group LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Community Financial Services Group LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,603 shares of the utilities provider's stock after buying an additional 5,599 shares during the quarter. NextEra Energy comprises about 1.3% of Community Financial Services Group LLC's portfolio, making the stock its 29th biggest holding. Community Financial Services Group LLC's holdings in NextEra Energy were worth $5,856,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy during the fourth quarter worth $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $44,000. Finally, Promus Capital LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 1.0%

Shares of NEE stock opened at $70.82 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market cap of $145.79 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The company has a 50-day moving average of $69.63 and a two-hundred day moving average of $70.21. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company 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%. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS 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 dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the 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 owns 196,817 shares of the company's stock, valued at $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 is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NEE. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.50.

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.

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