Valeo Financial Advisors LLC Buys 5,221 Shares of NextEra Energy, Inc. (NYSE:NEE)

Valeo Financial Advisors LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 18.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,462 shares of the utilities provider's stock after purchasing an additional 5,221 shares during the quarter. Valeo Financial Advisors LLC's holdings in NextEra Energy were worth $2,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Somerset Trust Co boosted its holdings in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Viking Fund Management LLC boosted its holdings in NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after purchasing an additional 200,000 shares during the last quarter. Trust Co. of Vermont boosted its holdings in NextEra Energy by 2.2% in the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after purchasing an additional 8,472 shares during the last quarter. GAMMA Investing LLC boosted its holdings in NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after purchasing an additional 5,949 shares during the last quarter. Finally, Blackstone Inc. boosted its holdings in NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock worth $237,527,000 after purchasing an additional 1,423,730 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.29 on Friday, hitting $74.35. 8,094,042 shares of the stock traded hands, compared to its average volume of 11,113,073. The firm has a market cap of $153.06 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.63 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a 50 day simple moving average of $71.35 and a two-hundred day simple moving average of $70.24. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued 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 3.05%. NextEra Energy's dividend payout ratio is currently 85.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEE. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley dropped their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Barclays lifted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday. Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, BMO Capital Markets dropped their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $84.73.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 sale, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

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.