Parallel Advisors LLC Buys 4,790 Shares of NextEra Energy, Inc. (NYSE:NEE)

Parallel Advisors LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,824 shares of the utilities provider's stock after buying an additional 4,790 shares during the period. Parallel Advisors LLC's holdings in NextEra Energy were worth $10,054,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NEE. Bellwether Advisors LLC bought a new position in NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $36,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the 4th quarter worth about $36,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $44,000. Institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred 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 now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Up 2.1%

Shares of NYSE:NEE traded up $1.48 during trading on Friday, hitting $70.47. The company had a trading volume of 18,800,654 shares, compared to its average volume of 11,121,064. The stock has a market cap of $145.07 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a fifty day simple moving average of $68.40 and a two-hundred day simple moving average of $70.81. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results 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 firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.91 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.22%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is currently 84.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NEE shares. BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Guggenheim reissued a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company reduced 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. Finally, Barclays reduced their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.50.

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.