Farther Finance Advisors LLC Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

Farther Finance Advisors LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 30.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,087 shares of the utilities provider's stock after acquiring an additional 11,665 shares during the period. Farther Finance Advisors LLC's holdings in NextEra Energy were worth $3,552,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $44,000. Finally, Promus Capital LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $45,000. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NEE. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. UBS Group decreased their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 1.6%

Shares of NEE stock traded up $1.20 during mid-day trading on Thursday, reaching $74.20. 6,496,341 shares of the company's stock traded hands, compared to its average volume of 11,046,760. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company's 50-day moving average price is $68.61 and its 200-day moving average price is $70.55. The company has a market cap of $152.75 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.45 and a beta of 0.68. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities 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 will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.05%. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

NextEra Energy Company 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.