Obermeyer Wealth Partners Buys 291,511 Shares of NextEra Energy, Inc. (NYSE:NEE)

Obermeyer Wealth Partners grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7,157.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 295,584 shares of the utilities provider's stock after purchasing an additional 291,511 shares during the quarter. Obermeyer Wealth Partners' holdings in NextEra Energy were worth $20,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Winch Advisory Services LLC boosted its holdings in NextEra Energy by 123.0% in the 1st quarter. Winch Advisory Services LLC now owns 4,654 shares of the utilities provider's stock valued at $330,000 after purchasing an additional 2,567 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of NextEra Energy by 1.3% during the first quarter. Crestwood Advisors Group LLC now owns 115,680 shares of the utilities provider's stock worth $8,201,000 after purchasing an additional 1,521 shares during the period. GW&K Investment Management LLC increased its position in NextEra Energy by 11.3% in the 1st quarter. GW&K Investment Management LLC now owns 4,544 shares of the utilities provider's stock valued at $322,000 after acquiring an additional 462 shares during the period. Wealth Dimensions Group Ltd. grew its holdings in shares of NextEra Energy by 30.1% in the 1st quarter. Wealth Dimensions Group Ltd. now owns 5,045 shares of the utilities provider's stock worth $358,000 after acquiring an additional 1,168 shares during the last quarter. Finally, Peterson Wealth Services lifted its position in shares of NextEra Energy by 21.0% in the first quarter. Peterson Wealth Services now owns 10,433 shares of the utilities provider's stock worth $740,000 after purchasing an additional 1,811 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday. UBS Group dropped their price target 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. HSBC cut their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, Wells Fargo & Company dropped their price target 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. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Stock Performance

NYSE:NEE opened at $76.17 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a fifty day moving average price of $72.09 and a 200-day moving average price of $70.32. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The company has a market cap of $156.80 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 2.68 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $6.58 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm's revenue was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.98%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company'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 transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

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.

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