Cohen Investment Advisors LLC Has $16.65 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Cohen Investment Advisors LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 580.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,836 shares of the utilities provider's stock after purchasing an additional 200,299 shares during the quarter. Cohen Investment Advisors LLC's holdings in NextEra Energy were worth $16,648,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NEE. LaFleur & Godfrey LLC raised its position in shares of NextEra Energy by 9.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after purchasing an additional 400 shares during the period. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its position in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of NextEra Energy by 21.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,428 shares of the utilities provider's stock valued at $2,181,000 after purchasing an additional 5,369 shares during the period. Finally, Nwam LLC raised its position in shares of NextEra Energy by 7.5% in the fourth quarter. Nwam LLC now owns 8,136 shares of the utilities provider's stock valued at $583,000 after purchasing an additional 570 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Activity

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 value of $1,657,880.00. Following the sale, the executive vice president now directly owns 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 document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.04 during trading hours on Friday, reaching $70.96. 14,274,070 shares of the stock were exchanged, compared to its average volume of 10,931,900. The company has a market cap of $146.07 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68. 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 twelve month low of $61.72 and a twelve month high of $86.10. The stock has a 50 day moving average of $69.99 and a two-hundred day moving average of $70.14.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Equities analysts expect 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 was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. NextEra Energy's payout ratio is 85.02%.

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets lowered their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Barclays lowered their price target 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, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.