IFM Investors Pty Ltd Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

IFM Investors Pty Ltd grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 631,456 shares of the utilities provider's stock after purchasing an additional 37,604 shares during the quarter. IFM Investors Pty Ltd's holdings in NextEra Energy were worth $44,764,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its position in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in NextEra Energy by 6.5% in the fourth 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 during the last quarter. Exencial Wealth Advisors LLC grew its stake in NextEra Energy by 1.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock valued at $866,000 after purchasing an additional 160 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $265,000. Finally, Assetmark Inc. raised its stake in shares of NextEra Energy by 14.2% during the 4th quarter. Assetmark Inc. now owns 185,543 shares of the utilities provider's stock worth $13,302,000 after purchasing an additional 23,037 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value 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 approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.54 on Friday, hitting $73.56. The company's stock had a trading volume of 8,560,920 shares, compared to its average volume of 11,046,753. The company has a market capitalization of $151.43 billion, a PE ratio of 27.55, a PEG ratio of 2.60 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a 50-day simple moving average of $70.47 and a 200 day simple moving average of $70.14. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate 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 period in the prior year, the business earned $0.91 earnings per share. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.55.

About NextEra Energy

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.