Concord Wealth Partners Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Concord Wealth Partners boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,324 shares of the utilities provider's stock after purchasing an additional 8,822 shares during the period. Concord Wealth Partners' holdings in NextEra Energy were worth $3,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of NextEra Energy by 88.0% during the 4th quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider's stock worth $946,000 after buying an additional 6,177 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of NextEra Energy by 22.5% during the 4th quarter. Harbour Investments Inc. now owns 21,230 shares of the utilities provider's stock worth $1,522,000 after buying an additional 3,895 shares in the last quarter. Finally, Evoke Wealth LLC lifted its position in shares of NextEra Energy by 5.6% during the 4th quarter. Evoke Wealth LLC now owns 13,629 shares of the utilities provider's stock worth $977,000 after buying an additional 717 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NEE traded up $0.73 during trading on Friday, hitting $75.91. The company's stock had a trading volume of 7,985,565 shares, compared to its average volume of 11,046,452. The business's 50 day simple moving average is $72.09 and its 200-day simple moving average is $70.33. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm has a market cap of $156.27 billion, a PE ratio of 28.43, a P/E/G ratio of 2.68 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same period last year, the company posted $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.99%. NextEra Energy's dividend payout ratio is currently 85.02%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent research reports. BMO Capital Markets reduced their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Morgan Stanley lowered their price objective 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. Wells Fargo & Company lowered 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. Finally, Barclays increased 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, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.08.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

About NextEra Energy

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.