Greenwood Capital Associates LLC Acquires 6,964 Shares of NextEra Energy, Inc. (NYSE:NEE)

Greenwood Capital Associates LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,356 shares of the utilities provider's stock after acquiring an additional 6,964 shares during the quarter. Greenwood Capital Associates LLC's holdings in NextEra Energy were worth $5,555,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of NEE. Empowered Funds LLC raised its holdings in NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Empower Advisory Group LLC increased its stake in NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after purchasing an additional 41,328 shares in the last quarter. Somerset Trust Co lifted its holdings in NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after acquiring an additional 4,445 shares in the last quarter. Fortress Financial Solutions LLC bought a new position in NextEra Energy in the fourth quarter valued at approximately $315,000. Finally, Asset Planning Inc bought a new position in NextEra Energy during the 4th quarter worth about $560,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the 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 transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $1.28 during mid-day trading on Friday, hitting $75.12. The company had a trading volume of 8,044,967 shares, compared to its average volume of 11,043,272. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a market capitalization of $154.64 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.45 and a beta of 0.68. The stock's 50-day moving average price is $68.79 and its 200-day moving average price is $70.54.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The company's revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NEE shares. 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 report on Tuesday, March 11th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company 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 for the company in a research report on Tuesday, April 29th. Finally, UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.50.

NextEra Energy Company 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.