Fiduciary Alliance LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Fiduciary Alliance LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,632 shares of the utilities provider's stock after purchasing an additional 7,963 shares during the quarter. NextEra Energy makes up 0.8% of Fiduciary Alliance LLC's investment portfolio, making the stock its 28th largest position. Fiduciary Alliance LLC's holdings in NextEra Energy were worth $8,552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. L.M. Kohn & Company raised its stake in NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after buying an additional 145 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after acquiring an additional 149 shares during the last quarter. Anchor Capital Advisors LLC increased its holdings in shares of NextEra Energy by 5.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock valued at $223,000 after acquiring an additional 150 shares during the last quarter. Aspen Investment Management Inc raised its position in shares of NextEra Energy by 1.0% during the 4th quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider's stock worth $1,083,000 after acquiring an additional 151 shares in the last quarter. Finally, Cim LLC lifted its stake in NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other NextEra Energy 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 transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE traded up $0.89 during mid-day trading on Tuesday, hitting $71.04. 11,013,541 shares of the company's stock were exchanged, compared to its average volume of 11,113,645. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The business's 50 day moving average is $68.40 and its two-hundred day moving average is $70.71. The firm has a market capitalization of $146.25 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the prior year, the business earned $0.91 EPS. The firm's revenue 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 year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 84.64%.

Analyst Upgrades and Downgrades

Several brokerages have commented on NEE. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. UBS Group decreased their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Finally, Wells Fargo & Company cut their target price 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. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.50.

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.