NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Vest Financial LLC

Vest Financial LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 803,135 shares of the utilities provider's stock after buying an additional 88,678 shares during the period. Vest Financial LLC's holdings in NextEra Energy were worth $56,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Oak Asset Management LLC boosted its position in NextEra Energy by 8.2% in the 1st quarter. Oak Asset Management LLC now owns 8,574 shares of the utilities provider's stock valued at $608,000 after buying an additional 650 shares during the period. Breakwater Capital Group boosted its position in NextEra Energy by 31.4% in the 1st quarter. Breakwater Capital Group now owns 12,612 shares of the utilities provider's stock valued at $894,000 after buying an additional 3,013 shares during the period. Chesley Taft & Associates LLC boosted its position in NextEra Energy by 1.1% in the 1st quarter. Chesley Taft & Associates LLC now owns 147,479 shares of the utilities provider's stock valued at $10,455,000 after buying an additional 1,561 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in NextEra Energy by 24.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 46,920 shares of the utilities provider's stock valued at $3,326,000 after buying an additional 9,091 shares during the period. Finally, Lake Street Private Wealth LLC boosted its position in NextEra Energy by 52.9% in the 1st quarter. Lake Street Private Wealth LLC now owns 7,018 shares of the utilities provider's stock valued at $498,000 after buying an additional 2,427 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of 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. Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets lowered their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Finally, 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.50.

Insiders Place Their Bets

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 shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Up 0.9%

Shares of NYSE NEE traded up $0.66 during trading hours on Friday, hitting $72.16. 9,285,402 shares of the stock were exchanged, compared to its average volume of 11,123,967. 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 company has a market cap of $148.55 billion, a PE ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.68. The firm has a fifty day moving average price of $68.45 and a 200-day moving average price of $70.64. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. NextEra Energy's dividend payout ratio is currently 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.