NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Xcel Wealth Management LLC

Xcel Wealth Management LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,234 shares of the utilities provider's stock after acquiring an additional 5,869 shares during the quarter. NextEra Energy comprises about 1.4% of Xcel Wealth Management LLC's holdings, making the stock its 17th largest position. Xcel Wealth Management LLC's holdings in NextEra Energy were worth $4,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tortoise Investment Management LLC increased its stake in shares of NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after acquiring an additional 149 shares during the last quarter. Cim LLC increased its position in NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares in the last quarter. Exencial Wealth Advisors LLC increased its position in NextEra Energy by 1.3% during the 4th quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock worth $866,000 after purchasing an additional 160 shares in the last quarter. Wealth Dimensions Group Ltd. increased its position in NextEra Energy by 4.3% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock worth $278,000 after purchasing an additional 161 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its position in NextEra Energy by 0.7% during the 1st quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after purchasing an additional 166 shares in the last quarter. 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 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 completion of the sale, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Up 0.7%

NYSE:NEE traded up $0.54 during trading hours on Friday, hitting $73.56. The stock had a trading volume of 8,560,920 shares, compared to its average volume of 11,060,238. 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 1-year low of $61.72 and a 1-year high of $86.10. The business has a 50 day simple moving average of $70.62 and a two-hundred day simple moving average of $70.15. The company has a market cap of $151.43 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.60 and a beta of 0.67.

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

NextEra Energy Dividend Announcement

The business also recently declared 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 3.08%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is currently 85.02%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price 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. Erste Group Bank downgraded 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 report on Tuesday, March 11th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Finally, BMO Capital Markets dropped their target price 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

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.