NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Financial & Tax Architects LLC

Financial & Tax Architects LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,407 shares of the utilities provider's stock after buying an additional 5,283 shares during the quarter. NextEra Energy makes up about 1.6% of Financial & Tax Architects LLC's holdings, making the stock its 28th largest position. Financial & Tax Architects LLC's holdings in NextEra Energy were worth $6,409,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in NextEra Energy in the fourth quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth about $33,000. IMA Advisory Services Inc. purchased a new position in shares of NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the fourth quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after purchasing an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other 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 completion of the sale, the executive vice president directly owned 196,817 shares of the company's stock, 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 at this link. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Barclays raised their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Finally, 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. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Trading Down 0.2%

NEE stock traded down $0.14 during midday trading on Friday, hitting $71.83. The stock had a trading volume of 8,068,737 shares, compared to its average volume of 11,336,844. The firm has a market cap of $147.92 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.53 and a beta of 0.67. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. 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 $72.23 and its 200 day moving average price is $70.43.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.15%. NextEra Energy's payout ratio is currently 79.02%.

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.