Allworth Financial LP Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Allworth Financial LP boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 389,849 shares of the utilities provider's stock after purchasing an additional 23,521 shares during the quarter. Allworth Financial LP's holdings in NextEra Energy were worth $25,866,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Stonebrook Private Inc. grew its stake in shares of NextEra Energy by 4.7% in the 1st quarter. Stonebrook Private Inc. now owns 18,706 shares of the utilities provider's stock worth $1,326,000 after buying an additional 842 shares in the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of NextEra Energy by 10.4% in the 1st quarter. Leavell Investment Management Inc. now owns 19,070 shares of the utilities provider's stock worth $1,352,000 after acquiring an additional 1,790 shares during the last quarter. Topsail Wealth Management LLC lifted its holdings in shares of NextEra Energy by 17.8% in the 1st quarter. Topsail Wealth Management LLC now owns 5,897 shares of the utilities provider's stock worth $418,000 after acquiring an additional 890 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of NextEra Energy by 3.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 17,637 shares of the utilities provider's stock worth $1,250,000 after acquiring an additional 620 shares during the last quarter. Finally, Slagle Financial LLC lifted its holdings in shares of NextEra Energy by 1.9% in the 1st quarter. Slagle Financial LLC now owns 73,196 shares of the utilities provider's stock worth $5,189,000 after acquiring an additional 1,333 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.4%

Shares of NYSE:NEE traded down $0.29 during trading hours on Friday, hitting $74.35. The company's stock had a trading volume of 8,094,042 shares, compared to its average volume of 11,113,128. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market capitalization of $153.06 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 2.62 and a beta of 0.67. The firm's fifty day moving average price is $71.35 and its 200 day moving average price is $70.20.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.05%. NextEra Energy's dividend payout ratio is currently 85.02%.

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. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company 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, Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $84.73.

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.