NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by IFC Advisors LLC

IFC Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,853 shares of the utilities provider's stock after acquiring an additional 7,892 shares during the period. NextEra Energy comprises approximately 0.7% of IFC Advisors LLC's holdings, making the stock its 27th biggest position. IFC Advisors LLC's holdings in NextEra Energy were worth $3,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. Graney & King LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $46,000. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of NextEra Energy by 205.1% in the 1st quarter. Global Wealth Strategies & Associates now owns 659 shares of the utilities provider's stock valued at $47,000 after buying an additional 443 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.29 during midday trading on Friday, reaching $74.35. 8,094,042 shares of the company were exchanged, compared to its average volume of 11,113,073. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a market cap of $153.06 billion, a P/E ratio of 27.85, a PEG ratio of 2.63 and a beta of 0.67. The company's 50 day moving average price is $71.35 and its two-hundred day moving average price is $70.24. 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 (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 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 the consensus estimate of $6.58 billion. During the same period in the previous year, the firm earned $0.91 EPS. NextEra Energy's revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.05%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Insider Activity at NextEra Energy

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NEE shares. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, UBS Group cut their price objective on shares of 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.73.

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.