NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Smith Salley Wealth Management

Smith Salley Wealth Management increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,969 shares of the utilities provider's stock after buying an additional 33,962 shares during the quarter. NextEra Energy accounts for about 1.5% of Smith Salley Wealth Management's portfolio, making the stock its 18th largest position. Smith Salley Wealth Management's holdings in NextEra Energy were worth $23,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC grew its stake in NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 149 shares during the last quarter. Cim LLC lifted its holdings in shares of NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares during the period. Investment Partners LTD. boosted its position in NextEra Energy by 4.9% in the fourth quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider's stock valued at $242,000 after buying an additional 159 shares during the last quarter. Exencial Wealth Advisors LLC boosted its position in NextEra Energy by 1.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock valued at $866,000 after buying an additional 160 shares during the last quarter. Finally, Wealth Dimensions Group Ltd. increased its holdings in NextEra Energy by 4.3% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock worth $278,000 after buying an additional 161 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $0.01 during trading hours on Wednesday, reaching $73.05. 11,240,023 shares of the company's stock were exchanged, compared to its average volume of 11,030,385. The business has a fifty day moving average of $70.21 and a two-hundred day moving average of $70.11. The company has a market capitalization of $150.38 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 2.57 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NEE. Wells Fargo & Company lowered their target price 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. BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. UBS Group decreased their target price 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. Finally, JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

About NextEra Energy

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.