Thurston Springer Miller Herd & Titak Inc. Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 24.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,920 shares of the utilities provider's stock after buying an additional 9,091 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in NextEra Energy were worth $3,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 1.0% during 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 stake in NextEra Energy in the fourth quarter valued at approximately $3,484,197,000. Geode Capital Management LLC boosted its position in NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after buying an additional 1,359,268 shares in the last quarter. Northern Trust Corp grew its stake in shares of NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after buying an additional 2,030,331 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of NextEra Energy by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock worth $1,041,210,000 after buying an additional 588,038 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 0.9%

Shares of NYSE NEE traded up $0.66 during trading on Friday, hitting $72.16. The stock had a trading volume of 9,285,402 shares, compared to its average volume of 11,105,738. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market capitalization of $148.55 billion, a PE ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The firm has a fifty day moving average of $68.42 and a two-hundred day moving average of $70.68.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the firm earned $0.91 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.14%. NextEra Energy's payout ratio is 84.64%.

Analyst Upgrades and Downgrades

NEE has been the topic of several research reports. BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. UBS Group cut their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.50.

Insider Buying and Selling 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 stock was 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 owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

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.