Marietta Wealth Management LLC Buys 7,251 Shares of NextEra Energy, Inc. (NYSE:NEE)

Marietta Wealth Management LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,971 shares of the utilities provider's stock after buying an additional 7,251 shares during the quarter. Marietta Wealth Management LLC's holdings in NextEra Energy were worth $6,803,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NEE. LaFleur & Godfrey LLC boosted its holdings in shares of NextEra Energy by 9.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock worth $323,000 after purchasing an additional 400 shares during the period. Brighton Jones LLC boosted its holdings in shares of NextEra Energy by 7.0% during the fourth 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 during the period. Revolve Wealth Partners LLC boosted its holdings in shares of NextEra Energy by 6.5% during 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 period. Strategic Financial Concepts LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth approximately $203,000. Finally, Alberta Investment Management Corp raised its position in NextEra Energy by 128.5% during the fourth quarter. Alberta Investment Management Corp now owns 45,700 shares of the utilities provider's stock valued at $3,276,000 after acquiring an additional 25,700 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction on 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 transaction, the executive vice president now owns 196,817 shares of the company's stock, 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 SEC, which is available through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.50.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.04 during trading on Friday, reaching $71.61. The stock had a trading volume of 15,182,372 shares, compared to its average volume of 10,994,226. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm 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 quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The stock has a fifty day simple moving average of $69.57 and a two-hundred day simple moving average of $70.28.

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, meeting 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 analyst estimates of $6.58 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date 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.