NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 18.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,462 shares of the utilities provider's stock after buying an additional 5,221 shares during the period. Valeo Financial Advisors LLC's holdings in NextEra Energy were worth $2,372,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the fourth quarter worth $36,000. Graney & King LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth $46,000. Finally, Mascoma Wealth Management LLC raised its stake in shares of NextEra Energy by 41.3% in the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after purchasing an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.72 during mid-day trading on Thursday, hitting $74.37. 2,198,409 shares of the company traded hands, compared to its average volume of 11,093,754. The firm has a market cap of $153.10 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 2.55 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. The stock's fifty day moving average price is $71.03 and its 200-day moving average price is $70.21. NextEra Energy, Inc. has a one year low of $61.72 and a one 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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The business's quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.05%. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NEE. Wells Fargo & Company decreased their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. BMO Capital Markets reduced their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, UBS Group reduced their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.55.

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.