Novare Capital Management LLC Acquires 5,110 Shares of NextEra Energy, Inc. (NYSE:NEE)

Novare Capital Management LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 117,753 shares of the utilities provider's stock after buying 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 large investors have also bought and sold shares of the company. Concurrent Investment Advisors LLC raised its holdings in shares of NextEra Energy by 31.9% during the first quarter. Concurrent Investment Advisors LLC now owns 120,586 shares of the utilities provider's stock valued at $8,548,000 after purchasing an additional 29,131 shares during the last quarter. HM Payson & Co. raised its holdings in shares of NextEra Energy by 0.6% during the first quarter. HM Payson & Co. now owns 62,594 shares of the utilities provider's stock valued at $4,437,000 after purchasing an additional 372 shares during the last quarter. World Investment Advisors raised its holdings in shares of NextEra Energy by 4.1% during the first quarter. World Investment Advisors now owns 93,688 shares of the utilities provider's stock valued at $6,642,000 after purchasing an additional 3,710 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of NextEra Energy by 1.5% during the first quarter. Capital Investment Advisory Services LLC now owns 18,873 shares of the utilities provider's stock valued at $1,338,000 after purchasing an additional 286 shares during the last quarter. Finally, Impax Asset Management Group plc raised its holdings in shares of NextEra Energy by 15.9% during the first quarter. Impax Asset Management Group plc now owns 37,562 shares of the utilities provider's stock valued at $2,663,000 after purchasing an additional 5,156 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction 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 sale, the executive vice president directly 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 document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Trading Down 3.0%

NEE traded down $2.25 on Tuesday, reaching $72.50. 19,219,094 shares of the company traded hands, compared to its average volume of 12,571,293. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a fifty day simple moving average of $70.79 and a two-hundred day simple moving average of $70.17. The company has a market cap of $149.25 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.60 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. NextEra Energy'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 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NEE. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company 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 dropped their target price on 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 issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

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.