Foster Victor Wealth Advisors LLC Has $6.16 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Foster Victor Wealth Advisors LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,524 shares of the utilities provider's stock after purchasing an additional 11,797 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in NextEra Energy were worth $6,155,000 at the end of the most recent reporting period.

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

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NEE. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Wells Fargo & Company lowered their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reduced their target price 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. Finally, UBS Group lowered their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Stock Down 0.4%

NYSE:NEE traded down $0.32 on Wednesday, hitting $71.54. 7,035,366 shares of the company's stock were exchanged, compared to its average volume of 11,098,564. The firm has a 50-day moving average price of $69.28 and a 200-day moving average price of $70.38. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market cap of $147.28 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 85.02%.

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.