Guerra Advisors Inc Acquires 14,580 Shares of NextEra Energy, Inc. (NYSE:NEE)

Guerra Advisors Inc boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,918 shares of the utilities provider's stock after purchasing an additional 14,580 shares during the quarter. NextEra Energy comprises approximately 2.1% of Guerra Advisors Inc's holdings, making the stock its 16th largest position. Guerra Advisors Inc's holdings in NextEra Energy were worth $3,751,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Promus Capital LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $45,000. Finally, Graney & King LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $46,000. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on NEE. Wells Fargo & Company reduced their price objective 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. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Guggenheim restated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets cut their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley cut their target price on 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 seven have given a buy rating to the company's stock. According to MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $84.55.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

NextEra Energy Trading Down 0.0%

Shares of NEE opened at $70.96 on Friday. The stock has a fifty day moving average price of $69.99 and a two-hundred day moving average price of $70.14. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a market cap of $146.07 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.50 and a beta of 0.68.

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

NextEra Energy Dividend Announcement

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

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