NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Increased by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 378,080 shares of the utilities provider's stock after purchasing an additional 3,754 shares during the quarter. NextEra Energy accounts for 1.9% of Fulton Breakefield Broenniman LLC's portfolio, making the stock its 16th largest position. Fulton Breakefield Broenniman LLC's holdings in NextEra Energy were worth $26,802,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NEE. Brighton Jones LLC raised its position in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after acquiring an additional 298 shares in the last quarter. Proficio Capital Partners LLC raised its position in NextEra Energy by 88.0% during the fourth quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider's stock valued at $946,000 after acquiring an additional 6,177 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in NextEra Energy by 124.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 142,602 shares of the utilities provider's stock valued at $10,223,000 after acquiring an additional 78,937 shares in the last quarter. Finally, Hills Bank & Trust Co raised its position in NextEra Energy by 6.9% during the fourth quarter. Hills Bank & Trust Co now owns 19,550 shares of the utilities provider's stock valued at $1,402,000 after acquiring an additional 1,260 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NEE shares. Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. 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. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.73.

NextEra Energy Trading Down 0.4%

Shares of NextEra Energy stock opened at $74.35 on Friday. The company's fifty day simple moving average is $71.35 and its 200-day simple moving average is $70.22. The company has a market cap of $153.06 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.62 and a beta of 0.67. 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 1 year low of $61.72 and a 1 year high of $86.10.

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 the consensus estimate of $0.99. The business 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%. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid 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 payout ratio is 85.02%.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm'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 owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company's stock.

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.

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