Waverly Advisors LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Waverly Advisors LLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,597 shares of the utilities provider's stock after buying an additional 9,136 shares during the period. Waverly Advisors LLC's holdings in NextEra Energy were worth $3,412,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Worldquant Millennium Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $96,115,000. Williams Jones Wealth Management LLC. boosted its stake in NextEra Energy by 3.1% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 30,122 shares of the utilities provider's stock valued at $2,159,000 after purchasing an additional 904 shares during the last quarter. Woodline Partners LP acquired a new position in NextEra Energy during the 4th quarter valued at about $8,853,000. Zimmer Partners LP acquired a new position in NextEra Energy during the 4th quarter valued at about $44,233,000. Finally, Victrix Investment Advisors acquired a new position in NextEra Energy during the 4th quarter valued at about $950,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Barclays dropped 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 report on Tuesday, April 29th. Finally, Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.88 during mid-day trading on Friday, reaching $67.82. The company had a trading volume of 17,155,250 shares, compared to its average volume of 11,151,600. 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 firm has a market cap of $139.62 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.45 and a beta of 0.69. The company's 50-day moving average price is $68.57 and its 200-day moving average price is $71.04. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.34%. NextEra Energy's payout ratio is 84.64%.

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 completion of the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company's stock.

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.