Private Advisor Group LLC Acquires 8,852 Shares of NextEra Energy, Inc. (NYSE:NEE)

Private Advisor Group LLC grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,100 shares of the utilities provider's stock after purchasing an additional 8,852 shares during the quarter. Private Advisor Group LLC's holdings in NextEra Energy were worth $17,375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NEE. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy during the fourth quarter worth $33,000. Copia Wealth Management bought a new stake in NextEra Energy during the fourth quarter worth $36,000. Hughes Financial Services LLC bought a new stake in NextEra Energy during the first quarter worth $40,000. Finally, Graney & King LLC bought a new stake in NextEra Energy during the fourth quarter worth $46,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Morgan Stanley decreased their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. 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 MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the 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 sale, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.73 during mid-day trading on Friday, reaching $75.91. The company's stock had a trading volume of 7,985,565 shares, compared to its average volume of 11,046,452. The firm's fifty day moving average price is $72.09 and its two-hundred day moving average price is $70.33. The company has a market capitalization of $156.27 billion, a P/E ratio of 28.43, a PEG ratio of 2.68 and a beta of 0.67. 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 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (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 company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

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.