NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 69,695 shares of the utilities provider's stock after buying an additional 8,029 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in NextEra Energy were worth $4,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy in the 4th quarter worth about $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy during the 4th quarter worth $36,000. Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $44,000. Finally, Promus Capital LLC bought a new position in NextEra Energy during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business'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 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 document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Barclays decreased their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.50.

NextEra Energy Price Performance

Shares of NEE traded up $0.54 during trading hours on Thursday, reaching $70.42. The company had a trading volume of 2,314,133 shares, compared to its average volume of 11,071,838. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $144.97 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.69. The firm has a 50 day simple moving average of $68.41 and a 200-day simple moving average of $70.71. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The firm 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 11.85% and a net margin of 28.06%. The business'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 earnings per share. Research 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 declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.22%. NextEra Energy's dividend payout ratio is currently 84.64%.

NextEra Energy Company 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.