Concurrent Investment Advisors LLC Buys 29,131 Shares of NextEra Energy, Inc. (NYSE:NEE)

Concurrent Investment Advisors LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 31.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its stake in NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after buying an additional 149 shares in the last quarter. Cim LLC lifted its stake in NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after buying an additional 158 shares in the last quarter. Conning Inc. lifted its stake in NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after buying an additional 160 shares in the last quarter. Wealth Dimensions Group Ltd. lifted its stake in NextEra Energy by 4.3% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock valued at $278,000 after buying an additional 161 shares in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its stake in NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Down 3.0%

Shares of NEE stock traded down $2.25 during trading on Tuesday, reaching $72.50. The company's stock had a trading volume of 19,550,562 shares, compared to its average volume of 11,118,199. 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 business has a fifty day moving average price of $70.90 and a 200-day moving average price of $70.19. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a market cap of $149.25 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results 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 net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior 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. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

Insider Transactions at NextEra Energy

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 shares were 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 approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Morgan Stanley cut their price target 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, June 18th. Wells Fargo & Company cut their price target 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $84.55.

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.