Stonebridge Financial Group LLC Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Stonebridge Financial Group LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,965 shares of the utilities provider's stock after acquiring an additional 10,118 shares during the period. Stonebridge Financial Group LLC's holdings in NextEra Energy were worth $4,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after purchasing an additional 2,090,538 shares during the last quarter. Norges Bank acquired a new position in NextEra Energy in the 4th quarter valued at approximately $3,484,197,000. Geode Capital Management LLC increased its position in NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after acquiring an additional 1,359,268 shares during the period. Northern Trust Corp increased its position in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after acquiring an additional 2,030,331 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in NextEra Energy by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock valued at $977,191,000 after acquiring an additional 345,999 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.04 during trading on Friday, hitting $70.96. 14,274,070 shares of the company's stock were exchanged, compared to its average volume of 10,931,900. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The business's 50-day simple moving average is $69.99 and its 200 day simple moving average is $70.14. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market cap of $146.07 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.50 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is currently 85.02%.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent research reports. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Barclays cut their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, UBS Group dropped 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 note on Friday, May 23rd. Seven investment 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.55.

Insider Transactions at NextEra Energy

In other 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 value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

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.