Integrity Wealth Solutions LLC Invests $321,000 in NextEra Energy, Inc. (NYSE:NEE)

Integrity Wealth Solutions LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,527 shares of the utilities provider's stock, valued at approximately $321,000.

Several other hedge funds also recently made changes to their positions in NEE. Tortoise Investment Management LLC boosted its holdings in shares of NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after buying an additional 149 shares during the last quarter. Anchor Capital Advisors LLC boosted its holdings in shares of NextEra Energy by 5.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock valued at $223,000 after buying an additional 150 shares during the last quarter. Cim LLC boosted its holdings in shares of 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. boosted its holdings in shares of 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. Finally, Exencial Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 160 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.1%

Shares of NextEra Energy stock opened at $71.61 on Friday. The business has a fifty day simple moving average of $69.57 and a two-hundred day simple moving average of $70.28. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a market capitalization of $147.41 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 2.52 and a beta of 0.68. 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 announced its quarterly earnings results 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 business 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 company's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed 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. This represents a $2.27 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Analysts Set New Price Targets

Several research firms have recently commented on NEE. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company cut their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays cut their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $84.50.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at $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 available at this hyperlink. Company insiders own 0.20% of the company's stock.

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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