Financial Counselors Inc. Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Financial Counselors Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 86.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,029 shares of the utilities provider's stock after acquiring an additional 96,164 shares during the quarter. Financial Counselors Inc.'s holdings in NextEra Energy were worth $14,676,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NEE. 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 bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Mascoma Wealth Management LLC boosted its position in shares of NextEra Energy by 41.3% in the fourth 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 during the period. Finally, Graney & King LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $46,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 3.0%

NYSE:NEE traded down $2.27 during midday trading on Tuesday, reaching $72.48. 6,574,383 shares of the stock traded hands, compared to its average volume of 11,046,611. The company has a fifty day moving average of $70.79 and a 200 day moving average of $70.17. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market capitalization of $149.22 billion, a P/E ratio of 27.01, a PEG ratio of 2.60 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $6.58 billion. During the same period in the prior year, the business posted $0.91 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

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 dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is currently 84.64%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. BMO Capital Markets cut their price target 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. Finally, Barclays cut their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business'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 transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

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.