Florida Financial Advisors LLC Takes $265,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Florida Financial Advisors LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,746 shares of the utilities provider's stock, valued at approximately $265,000.

Several other hedge funds have also added to or reduced their stakes in NEE. Somerset Trust Co increased its holdings in NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares in the last quarter. Viking Fund Management LLC boosted its position in shares of NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after buying an additional 200,000 shares during the period. Trust Co. of Vermont grew its holdings in shares of NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after buying an additional 8,472 shares in the last quarter. GAMMA Investing LLC raised its position in NextEra Energy by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after buying an additional 5,949 shares during the last quarter. Finally, Blackstone Inc. raised its position in NextEra Energy by 75.3% in the 4th quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock valued at $237,527,000 after buying an additional 1,423,730 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Barclays lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. HSBC reduced their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Wells Fargo & Company lowered their price target 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. Finally, BMO Capital Markets cut their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $84.08.

NextEra Energy Trading Up 0.1%

Shares of NEE traded up $0.07 during mid-day trading on Wednesday, reaching $74.77. 8,905,105 shares of the company were exchanged, compared to its average volume of 11,060,992. The business has a 50 day simple moving average of $71.85 and a two-hundred day simple moving average of $70.29. 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 $153.93 billion, a PE ratio of 28.01, a PEG ratio of 2.63 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly 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 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the business earned $0.91 EPS. The company's revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 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.