Novare Capital Management LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Novare Capital Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,753 shares of the utilities provider's stock after purchasing an additional 5,110 shares during the period. Novare Capital Management LLC's holdings in NextEra Energy were worth $8,348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $36,000. Promus Capital LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $45,000. Finally, Graney & King LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $46,000. 78.72% of the stock is owned by hedge funds and other 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 stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NYSE:NEE traded up $0.54 during trading hours on Friday, reaching $73.56. The stock had a trading volume of 8,560,920 shares, compared to its average volume of 11,060,238. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a 50 day moving average price of $70.62 and a two-hundred day moving average price of $70.15. The stock has a market capitalization of $151.43 billion, a PE ratio of 27.55, a PEG ratio of 2.60 and a beta of 0.67.

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

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Guggenheim reissued a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Wells Fargo & Company decreased their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.55.

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.