6,109 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,109 shares of the utilities provider's stock, valued at approximately $433,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after purchasing an additional 2,090,538 shares during the last quarter. Norges Bank bought a new stake in NextEra Energy during the 4th quarter worth approximately $3,484,197,000. Geode Capital Management LLC grew its holdings in NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares during the last quarter. Northern Trust Corp increased its position in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after acquiring an additional 2,030,331 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of NextEra Energy by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after acquiring an additional 588,038 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Barclays reduced their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $84.50.

NextEra Energy Stock Down 0.4%

Shares of NextEra Energy stock traded down $0.32 on Thursday, hitting $71.54. The company had a trading volume of 7,203,232 shares, compared to its average volume of 11,026,809. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a 50 day moving average of $69.35 and a 200-day moving average of $70.39. The stock has a market capitalization of $147.28 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.53 and a beta of 0.68.

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. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

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 $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Insiders Place Their Bets

In other NextEra Energy 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 value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

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.