CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $5.46 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 113.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,000 shares of the utilities provider's stock after acquiring an additional 41,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in NextEra Energy were worth $5,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. Promus Capital LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $45,000. Finally, Mascoma Wealth Management LLC lifted its position in shares of NextEra Energy by 41.3% in the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 188 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.04 during midday trading on Friday, reaching $70.96. 14,274,070 shares of the company's stock were exchanged, compared to its average volume of 10,931,900. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The firm has a market capitalization of $146.07 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68. The company's 50 day simple moving average is $69.99 and its two-hundred day simple moving average is $70.14. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

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 (EPS) 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 firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the firm posted $0.91 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.19%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is presently 85.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price 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. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. BMO Capital Markets lowered their target price 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. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

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.