Dividend Assets Capital LLC Acquires 13,605 Shares of NextEra Energy, Inc. (NYSE:NEE)

Dividend Assets Capital LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 176,686 shares of the utilities provider's stock after buying an additional 13,605 shares during the period. NextEra Energy accounts for approximately 2.4% of Dividend Assets Capital LLC's investment portfolio, making the stock its 11th largest holding. Dividend Assets Capital LLC's holdings in NextEra Energy were worth $12,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC increased its position in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after purchasing an additional 5,831 shares during the period. Empower Advisory Group LLC boosted its stake in shares of NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after purchasing an additional 41,328 shares during the last quarter. Somerset Trust Co boosted its stake in shares of NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Fortress Financial Solutions LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $315,000. Finally, Asset Planning Inc acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $560,000. Institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In related 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 value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. Barclays cut their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. UBS Group dropped their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.50.

NextEra Energy Trading Up 1.3%

Shares of NextEra Energy stock traded up $0.93 during trading hours on Tuesday, hitting $72.83. The company's stock had a trading volume of 9,887,257 shares, compared to its average volume of 11,107,100. The company has a market capitalization of $149.94 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a 50 day moving average of $68.48 and a 200 day moving average of $70.52. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

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 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 period in the previous year, the firm earned $0.91 EPS. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio is 84.64%.

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.