Elyxium Wealth LLC Takes $783,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Elyxium Wealth LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,047 shares of the utilities provider's stock, valued at approximately $783,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in NextEra Energy in the fourth quarter valued at $3,484,197,000. Two Sigma Advisers LP acquired a new stake in NextEra Energy in the fourth quarter worth about $240,269,000. California Public Employees Retirement System increased its stake in NextEra Energy by 46.7% during the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after buying an additional 2,517,369 shares during the period. Schroder Investment Management Group increased its stake in NextEra Energy by 44.9% during the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after buying an additional 2,499,011 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of NextEra Energy by 8,456.8% in the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after acquiring an additional 2,429,804 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on NEE. HSBC cut their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. UBS Group reduced their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target on NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $84.08.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on 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 owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Up 1.0%

Shares of NEE opened at $75.91 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market cap of $156.27 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 2.68 and a beta of 0.67. The company has a 50-day moving average price of $72.09 and a two-hundred day moving average price of $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.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 2.99%. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

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.

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