Concord Asset Management LLC VA Buys 10,449 Shares of NextEra Energy, Inc. (NYSE:NEE)

Concord Asset Management LLC VA increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,831 shares of the utilities provider's stock after purchasing an additional 10,449 shares during the quarter. Concord Asset Management LLC VA's holdings in NextEra Energy were worth $3,688,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of NextEra Energy by 11.3% in the 1st quarter. Larson Financial Group LLC now owns 13,895 shares of the utilities provider's stock worth $985,000 after acquiring an additional 1,416 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of NextEra Energy by 4.8% in the 1st quarter. Wealthfront Advisers LLC now owns 211,992 shares of the utilities provider's stock worth $15,028,000 after acquiring an additional 9,733 shares during the period. First Business Financial Services Inc. increased its holdings in shares of NextEra Energy by 7.4% in the 1st quarter. First Business Financial Services Inc. now owns 26,501 shares of the utilities provider's stock worth $1,879,000 after acquiring an additional 1,827 shares during the period. Mosaic Family Wealth Partners LLC increased its holdings in shares of NextEra Energy by 1.5% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 19,496 shares of the utilities provider's stock worth $1,382,000 after acquiring an additional 279 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of NextEra Energy by 5.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 101,442 shares of the utilities provider's stock worth $7,190,000 after acquiring an additional 4,920 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Activity 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 shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. Barclays increased their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. UBS Group dropped their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. 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. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Morgan Stanley decreased 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

NextEra Energy Stock Down 0.4%

NEE traded down $0.28 during midday trading on Tuesday, hitting $74.76. 8,877,480 shares of the company's stock traded hands, compared to its average volume of 11,067,797. The company has a market cap of $153.89 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.64 and a beta of 0.67. The stock's fifty day simple moving average is $71.53 and its 200-day simple moving average is $70.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. 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 released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is 85.02%.

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.