Great Valley Advisor Group Inc. Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Great Valley Advisor Group Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,285 shares of the utilities provider's stock after acquiring an additional 10,706 shares during the period. Great Valley Advisor Group Inc.'s holdings in NextEra Energy were worth $10,989,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEE. Bellwether Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth $44,000. Finally, Promus Capital LLC purchased a new stake in NextEra Energy during the fourth quarter valued at $45,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 1.8%

NYSE NEE traded up $1.22 during trading on Friday, reaching $70.21. 5,939,654 shares of the company's stock traded hands, compared to its average volume of 11,134,138. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company's 50 day simple moving average is $68.36 and its two-hundred day simple moving average is $70.84. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market cap of $144.54 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. NextEra Energy's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.23%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets reduced their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Barclays reduced their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.50.

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.