Tounjian Advisory Partners LLC Buys Shares of 14,788 NextEra Energy, Inc. (NYSE:NEE)

Tounjian Advisory Partners LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 14,788 shares of the utilities provider's stock, valued at approximately $1,048,000.

Several other institutional investors have also modified their holdings of the company. Pallas Capital Advisors LLC lifted its stake in NextEra Energy by 3.1% during the first quarter. Pallas Capital Advisors LLC now owns 75,206 shares of the utilities provider's stock worth $5,331,000 after purchasing an additional 2,249 shares during the last quarter. Farther Finance Advisors LLC increased its stake in NextEra Energy by 30.4% in the first quarter. Farther Finance Advisors LLC now owns 50,087 shares of the utilities provider's stock valued at $3,552,000 after purchasing an additional 11,665 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in NextEra Energy by 2.1% during the first quarter. Daymark Wealth Partners LLC now owns 42,248 shares of the utilities provider's stock worth $2,995,000 after purchasing an additional 857 shares in the last quarter. CJM Wealth Advisers Ltd. lifted its position in shares of NextEra Energy by 215.2% during the 1st quarter. CJM Wealth Advisers Ltd. now owns 13,577 shares of the utilities provider's stock worth $962,000 after buying an additional 9,269 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in shares of NextEra Energy by 29.9% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 6,456 shares of the utilities provider's stock valued at $458,000 after buying an additional 1,487 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.93 during trading on Tuesday, reaching $72.83. The company had a trading volume of 9,887,257 shares, compared to its average volume of 11,107,099. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock's fifty day moving average price is $68.48 and its 200 day moving average price is $70.52. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm has a market capitalization of $149.94 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting 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 28.06% and a return on equity of 11.85%. 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, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.5665 dividend. 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 3.11%. NextEra Energy's payout ratio is currently 84.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NEE shares. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. 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. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. 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, JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on Friday, May 9th. The stock was 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 owns 196,817 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is 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.