Apollon Wealth Management LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Apollon Wealth Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 80.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,859 shares of the utilities provider's stock after buying an additional 75,035 shares during the period. Apollon Wealth Management LLC's holdings in NextEra Energy were worth $11,970,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth approximately $33,000. Copia Wealth Management bought a new position in NextEra Energy during the 4th quarter valued at approximately $36,000. Hughes Financial Services LLC purchased a new position in NextEra Energy during the first quarter valued at $40,000. Finally, Graney & King LLC bought a new stake in NextEra Energy in the fourth quarter worth $46,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company cut their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. BMO Capital Markets reduced 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 note on Monday, April 14th. UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.73.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred 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 owned 196,817 shares in the company, valued at approximately $13,777,190. This trade 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. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.75 during trading hours on Monday, reaching $75.15. The company had a trading volume of 10,419,587 shares, compared to its average volume of 12,451,744. The firm's 50 day moving average price is $71.35 and its 200-day moving average price is $70.20. The firm has a market cap of $154.70 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.62 and a beta of 0.67. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data 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%. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is 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.