Strategic Planning Group LLC Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Strategic Planning Group LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 26.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,696 shares of the utilities provider's stock after acquiring an additional 13,544 shares during the period. Strategic Planning Group LLC's holdings in NextEra Energy were worth $4,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NEE. LaFleur & Godfrey LLC lifted its position in shares of NextEra Energy by 9.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock worth $323,000 after buying an additional 400 shares during the last quarter. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after acquiring an additional 298 shares during the last quarter. One Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $213,000. Finally, Boston Trust Walden Corp grew its holdings in shares of NextEra Energy by 2.6% during the 4th quarter. Boston Trust Walden Corp now owns 31,504 shares of the utilities provider's stock valued at $2,259,000 after purchasing an additional 784 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on NEE. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. UBS Group cut their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $83.50.

Insiders Place Their Bets

In other 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 completion of the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 2.2%

Shares of NEE traded up $1.54 during trading hours on Thursday, hitting $71.42. The company had a trading volume of 10,966,564 shares, compared to its average volume of 11,105,654. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock's 50 day moving average price is $68.41 and its 200 day moving average price is $70.71. The firm has a market cap of $147.02 billion, a P/E ratio of 21.19, a P/E/G ratio of 2.45 and a beta of 0.69.

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. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.17%. NextEra Energy's dividend payout ratio is 84.64%.

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.