NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by Avity Investment Management Inc.

Avity Investment Management Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,950 shares of the utilities provider's stock after purchasing an additional 54,517 shares during the quarter. NextEra Energy comprises approximately 2.9% of Avity Investment Management Inc.'s portfolio, making the stock its 17th largest holding. Avity Investment Management Inc.'s holdings in NextEra Energy were worth $35,300,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of NEE. Bellwether Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the fourth quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth $45,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. BMO Capital Markets reduced their price target 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. Finally, UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Eight research 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 company has an average rating of "Moderate Buy" and an average price target of $83.50.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Up 0.9%

Shares of NextEra Energy stock traded up $0.66 during trading hours on Friday, reaching $72.16. The stock had a trading volume of 9,285,402 shares, compared to its average volume of 11,123,967. The firm has a 50 day simple moving average of $68.45 and a two-hundred day simple moving average of $70.64. The firm has a market capitalization of $148.55 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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 return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The company'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 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid 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 3.14%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

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.