NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 31.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,586 shares of the utilities provider's stock after buying an additional 29,131 shares during the quarter. Concurrent Investment Advisors LLC's holdings in NextEra Energy were worth $8,548,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NEE. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $36,000. Promus Capital LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $45,000. Finally, Mascoma Wealth Management LLC raised 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 buying an additional 188 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays lowered their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley lowered their price objective 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 lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price objective 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

NextEra Energy Stock Performance

Shares of NEE traded up $0.54 during mid-day trading on Friday, hitting $73.56. The stock had a trading volume of 8,560,920 shares, compared to its average volume of 11,060,238. The company has a market cap of $151.43 billion, a PE ratio of 27.55, a PEG ratio of 2.60 and a beta of 0.67. The company's fifty day simple moving average is $70.62 and its two-hundred day simple moving average is $70.15. 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, 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 issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company 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%. The business's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. NextEra Energy's dividend payout ratio is currently 85.02%.

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.