J.W. Cole Advisors Inc. Purchases 111,313 Shares of NextEra Energy, Inc. (NYSE:NEE)

J.W. Cole Advisors Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 221.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,663 shares of the utilities provider's stock after purchasing an additional 111,313 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in NextEra Energy were worth $11,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEE. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $33,000. Copia Wealth Management acquired a new position in NextEra Energy in the fourth quarter valued at about $36,000. CBIZ Investment Advisory Services LLC increased its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after buying an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in NextEra Energy during the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's 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 owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on NEE shares. 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. Barclays boosted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday. UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Trading Up 1.5%

NYSE:NEE traded up $1.12 on Tuesday, reaching $77.29. The stock had a trading volume of 4,407,726 shares, compared to its average volume of 11,011,290. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm's fifty day moving average is $72.09 and its two-hundred day moving average is $70.32. 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 market cap of $159.11 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.68 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is 85.02%.

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.