NextEra Energy, Inc. (NYSE:NEE) Holdings Boosted by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,951 shares of the utilities provider's stock after purchasing an additional 4,518 shares during the quarter. Blue Trust Inc.'s holdings in NextEra Energy were worth $2,974,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Somerset Trust Co boosted its position in NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after acquiring an additional 4,445 shares during the period. Viking Fund Management LLC raised its stake in shares of NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after purchasing an additional 200,000 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at about $203,000. HFR Wealth Management LLC lifted its holdings in NextEra Energy by 1.4% in the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider's stock worth $9,151,000 after purchasing an additional 1,799 shares during the period. Finally, Blackstone Inc. grew its position in NextEra Energy by 75.3% in the 4th quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock valued at $237,527,000 after buying an additional 1,423,730 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE opened at $71.54 on Thursday. 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 firm has a market cap of $147.28 billion, a PE ratio of 26.79, a P/E/G ratio of 2.53 and a beta of 0.68. The business has a fifty day simple moving average of $69.35 and a 200-day simple moving average of $70.39. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.17%. NextEra Energy's payout ratio is currently 85.02%.

Insider Transactions at NextEra Energy

In related 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 now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on NEE. 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 research note on Thursday, April 24th. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Seven investment 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.50.

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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