Hixon Zuercher LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Hixon Zuercher LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,631 shares of the utilities provider's stock after purchasing an additional 3,776 shares during the period. NextEra Energy makes up approximately 2.4% of Hixon Zuercher LLC's investment portfolio, making the stock its 11th biggest position. Hixon Zuercher LLC's holdings in NextEra Energy were worth $6,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Tortoise Investment Management LLC boosted its holdings in shares of NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after acquiring an additional 149 shares in the last quarter. Cim LLC raised its holdings in NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after buying an additional 158 shares during the last quarter. Investment Partners LTD. raised its holdings in NextEra Energy by 4.9% in the 4th quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider's stock valued at $242,000 after buying an additional 159 shares during the last quarter. Exencial Wealth Advisors LLC boosted its position in NextEra Energy by 1.3% during the 4th quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock worth $866,000 after buying an additional 160 shares during the period. Finally, Wealth Dimensions Group Ltd. grew its holdings in NextEra Energy by 4.3% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock worth $278,000 after acquiring an additional 161 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Down 0.0%

Shares of NextEra Energy stock traded down $0.01 during trading on Wednesday, reaching $73.05. 11,240,023 shares of the company traded hands, compared to its average volume of 11,030,385. The firm has a market capitalization of $150.38 billion, a PE ratio of 27.36, a P/E/G ratio of 2.57 and a beta of 0.67. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a 50 day moving average price of $70.21 and a 200-day moving average price of $70.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The business's revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.10%. NextEra Energy's payout ratio is 85.02%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company reduced their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Finally, BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.55.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company's stock.

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.