Nvest Financial LLC Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Nvest Financial LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 31.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,080 shares of the utilities provider's stock after purchasing an additional 10,180 shares during the quarter. NextEra Energy comprises approximately 1.6% of Nvest Financial LLC's investment portfolio, making the stock its 20th biggest holding. Nvest Financial LLC's holdings in NextEra Energy were worth $2,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $36,000. Promus Capital LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $45,000. Finally, Mascoma Wealth Management LLC grew its holdings in shares of NextEra Energy by 41.3% during the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after buying an additional 188 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The shares were 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 in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NEE. Guggenheim reissued a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Barclays lowered their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. BMO Capital Markets lowered their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $0.04 during trading hours on Friday, reaching $70.96. The stock had a trading volume of 14,274,070 shares, compared to its average volume of 10,983,912. The stock's 50 day moving average is $69.99 and its 200 day moving average is $70.17. The firm has a market capitalization of $146.07 billion, a PE ratio of 26.57, a PEG ratio of 2.50 and a beta of 0.68. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. 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 (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion during 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%. The company's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.19%. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

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.