Hennion & Walsh Asset Management Inc. Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Hennion & Walsh Asset Management Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 97.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,294 shares of the utilities provider's stock after buying an additional 19,937 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in NextEra Energy were worth $2,856,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LaFleur & Godfrey LLC lifted its holdings in NextEra Energy by 9.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after purchasing an additional 400 shares during the last quarter. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of NextEra Energy by 2.6% during the fourth quarter. Boston Trust Walden Corp now owns 31,504 shares of the utilities provider's stock worth $2,259,000 after acquiring an additional 784 shares in the last quarter. Finally, Tanager Wealth Management LLP boosted its position in NextEra Energy by 6.6% during the fourth quarter. Tanager Wealth Management LLP now owns 3,390 shares of the utilities provider's stock valued at $242,000 after buying an additional 209 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. Barclays lowered their price objective on 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. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $83.50.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business's 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 sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company's stock.

NextEra Energy Stock Up 0.9%

Shares of NYSE:NEE traded up $0.66 during trading on Friday, hitting $72.16. The stock had a trading volume of 9,285,402 shares, compared to its average volume of 11,105,738. The company has a market capitalization of $148.55 billion, a PE ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.68. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm's fifty day moving average is $68.42 and its 200 day moving average is $70.68. 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 announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. NextEra Energy's payout ratio is 84.64%.

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.