Golden State Wealth Management LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Golden State Wealth Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 142.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,797 shares of the utilities provider's stock after purchasing an additional 9,881 shares during the period. Golden State Wealth Management LLC's holdings in NextEra Energy were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Somerset Trust Co lifted its stake in shares of NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after buying an additional 4,445 shares in the last quarter. Viking Fund Management LLC lifted 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 acquiring an additional 200,000 shares in the last quarter. HFR Wealth Management LLC lifted its position in shares of NextEra Energy by 1.4% during the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider's stock worth $9,151,000 after acquiring an additional 1,799 shares in the last quarter. Blackstone Inc. boosted its holdings in shares of NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock worth $237,527,000 after acquiring an additional 1,423,730 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at $96,115,000. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on 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 transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NEE shares. Wells Fargo & Company cut their target price on 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 restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley reduced 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 report on Wednesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Price Performance

NYSE:NEE traded down $0.04 during midday trading on Friday, hitting $70.96. The company had a trading volume of 14,274,070 shares, compared to its average volume of 10,983,912. The company has a market capitalization of $146.07 billion, a PE ratio of 26.57, a P/E/G ratio of 2.50 and a beta of 0.68. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock's fifty day moving average price is $69.90 and its 200-day moving average price is $70.19.

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

NextEra Energy Dividend Announcement

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