Simplicity Wealth LLC Invests $355,000 in NextEra Energy, Inc. (NYSE:NEE)

Simplicity Wealth LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,006 shares of the utilities provider's stock, valued at approximately $355,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bellwether Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the 4th quarter worth $33,000. Copia Wealth Management bought a new position in NextEra Energy in the 4th quarter worth $36,000. Midwest Capital Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth $44,000. Finally, Promus Capital LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at about $45,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Up 1.2%

NYSE:NEE traded up $0.86 during mid-day trading on Friday, reaching $74.70. The company's stock had a trading volume of 13,213,340 shares, compared to its average volume of 11,082,718. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock has a fifty day moving average of $69.00 and a 200-day moving average of $70.40. The firm has a market capitalization of $153.78 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the firm earned $0.91 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. NextEra Energy's payout ratio is currently 84.64%.

Analyst Ratings Changes

NEE has been the subject of several research reports. UBS Group dropped their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Guggenheim reissued a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $84.50.

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.