NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 179.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,959 shares of the utilities provider's stock after buying an additional 12,813 shares during the period. Global Assets Advisory LLC's holdings in NextEra Energy were worth $1,348,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NEE. Bellwether Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $33,000. Copia Wealth Management purchased a new position in NextEra Energy in the fourth quarter valued at $36,000. Promus Capital LLC acquired a new stake in NextEra Energy in the fourth quarter valued at $45,000. Finally, Mascoma Wealth Management LLC lifted its holdings in NextEra Energy by 41.3% during the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the 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 directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NEE. BMO Capital Markets dropped their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays cut their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company decreased their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.50.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.69 during midday trading on Thursday, reaching $71.03. The stock had a trading volume of 8,010,651 shares, compared to its average volume of 10,966,112. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The stock has a market cap of $146.22 billion, a P/E ratio of 26.60, a P/E/G ratio of 2.52 and a beta of 0.68. The firm has a fifty day simple moving average of $69.80 and a two-hundred day simple moving average of $70.22. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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 analysts' expectations of $6.58 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.19%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

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.