Stablepoint Partners LLC Has $9.03 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Stablepoint Partners LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,391 shares of the utilities provider's stock after purchasing an additional 6,794 shares during the period. NextEra Energy comprises about 1.6% of Stablepoint Partners LLC's portfolio, making the stock its 6th biggest holding. Stablepoint Partners LLC's holdings in NextEra Energy were worth $9,031,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy during the fourth quarter worth $33,000. Copia Wealth Management acquired a new position in NextEra Energy during the fourth quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy during the fourth quarter worth $45,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.9%

Shares of NYSE NEE traded up $0.66 during midday trading on Friday, reaching $72.16. 9,285,402 shares of the stock were exchanged, compared to its average volume of 11,123,967. The company has a market capitalization of $148.55 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $68.45 and a 200-day moving average price of $70.64.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same period last year, the company earned $0.91 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share 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. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.14%. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NEE shares. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. 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 research report on Tuesday, March 11th. 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. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.50.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.