Silvercrest Asset Management Group LLC Buys 121,176 Shares of NextEra Energy, Inc. (NYSE:NEE)

Silvercrest Asset Management Group LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 164.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,843 shares of the utilities provider's stock after buying an additional 121,176 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in NextEra Energy were worth $13,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth approximately $28,000. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.26 during mid-day trading on Friday, reaching $66.68. The stock had a trading volume of 5,322,637 shares, compared to its average volume of 12,578,279. The business's 50 day moving average price is $68.63 and its 200 day moving average price is $71.12. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a market cap of $137.28 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

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 (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.40%. NextEra Energy's payout ratio is 84.64%.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective 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. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of "Hold" and a consensus target price of $83.46.

Insider Activity at NextEra Energy

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 shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is owned by 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.