NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by WD Rutherford LLC

WD Rutherford LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,172 shares of the utilities provider's stock after purchasing an additional 4,452 shares during the period. WD Rutherford LLC's holdings in NextEra Energy were worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. LaFleur & Godfrey LLC raised its stake in shares of NextEra Energy by 9.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after acquiring an additional 400 shares in the last quarter. Brighton Jones LLC increased its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% during the 4th 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 in the last quarter. Congress Asset Management Co. lifted its holdings in shares of NextEra Energy by 9.4% in the 4th quarter. Congress Asset Management Co. now owns 202,954 shares of the utilities provider's stock worth $14,550,000 after buying an additional 17,448 shares during the period. Finally, Principal Securities Inc. lifted its holdings in shares of NextEra Energy by 12.0% in the 4th quarter. Principal Securities Inc. now owns 58,152 shares of the utilities provider's stock worth $4,169,000 after buying an additional 6,231 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.32 during trading on Wednesday, reaching $71.54. 7,203,232 shares of the company traded hands, compared to its average volume of 11,026,806. The stock has a market cap of $147.28 billion, a P/E ratio of 26.79, a PEG ratio of 2.53 and a beta of 0.68. The firm's fifty day simple moving average is $69.28 and its 200 day simple moving average is $70.38. 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 12-month low of $61.72 and a 12-month high of $86.10.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.17%. NextEra Energy's dividend payout ratio is presently 85.02%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on NEE. Morgan Stanley decreased their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday. UBS Group decreased their target price 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. Wells Fargo & Company cut their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Company 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.