Spirepoint Private Client LLC Purchases 9,580 Shares of NextEra Energy, Inc. (NYSE:NEE)

Spirepoint Private Client LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,149 shares of the utilities provider's stock after purchasing an additional 9,580 shares during the period. NextEra Energy accounts for 1.7% of Spirepoint Private Client LLC's portfolio, making the stock its 13th largest holding. Spirepoint Private Client LLC's holdings in NextEra Energy were worth $13,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its holdings in NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after buying an additional 149 shares during the last quarter. Anchor Capital Advisors LLC increased its position in shares of NextEra Energy by 5.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock worth $223,000 after acquiring an additional 150 shares in the last quarter. Cim LLC raised its holdings in shares of NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after acquiring an additional 158 shares during the last quarter. Investment Partners LTD. raised its holdings in shares of NextEra Energy by 4.9% in the 4th quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider's stock worth $242,000 after acquiring an additional 159 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in NextEra Energy by 1.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock valued at $866,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business's 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 sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company dropped their price objective 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. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, Barclays cut their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Price Performance

Shares of NEE traded down $1.01 during midday trading on Wednesday, hitting $70.39. 11,684,240 shares of the company traded hands, compared to its average volume of 10,980,113. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a market cap of $144.91 billion, a P/E ratio of 26.36, a PEG ratio of 2.49 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a 50-day moving average of $69.71 and a 200-day moving average of $70.22.

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 for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter last year, the company posted $0.91 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. NextEra Energy's payout ratio is 85.02%.

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.