J.W. Cole Advisors Inc. Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

J.W. Cole Advisors Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 221.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,663 shares of the utilities provider's stock after buying an additional 111,313 shares during the period. J.W. Cole Advisors Inc.'s holdings in NextEra Energy were worth $11,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy during the 4th quarter worth $33,000. Copia Wealth Management acquired a new position in NextEra Energy during the 4th quarter worth $36,000. CBIZ Investment Advisory Services LLC raised its position in shares of NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of NextEra Energy in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports 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. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. HSBC lowered their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Stock Down 5.5%

NextEra Energy stock traded down $4.27 during midday trading on Wednesday, hitting $73.27. 12,327,699 shares of the stock were exchanged, compared to its average volume of 11,043,376. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock has a market capitalization of $150.84 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67. The business's 50-day moving average price is $72.09 and its 200-day moving average price is $70.32. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced 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 dividend yield of 3.09%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.