NextEra Energy, Inc. (NYSE:NEE) Holdings Raised by BLB&B Advisors LLC

BLB&B Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,682 shares of the utilities provider's stock after purchasing an additional 7,657 shares during the period. BLB&B Advisors LLC's holdings in NextEra Energy were worth $13,872,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy in the 4th quarter worth about $33,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter worth about $36,000. Promus Capital LLC acquired a new position in NextEra Energy in the 4th quarter worth about $45,000. Finally, Mascoma Wealth Management LLC increased its holdings in shares of NextEra Energy by 41.3% during the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 188 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NEE shares. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. UBS Group reduced their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.55.

NextEra Energy Price Performance

NextEra Energy stock opened at $69.50 on Tuesday. The business has a 50-day simple moving average of $70.08 and a 200 day simple moving average of $70.09. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. 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 market cap of $143.07 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.50 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. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the company posted $0.91 EPS. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid 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 3.26%. NextEra Energy's dividend payout ratio (DPR) is currently 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.

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