NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,992 shares of the utilities provider's stock after acquiring an additional 9,733 shares during the quarter. Wealthfront Advisers LLC's holdings in NextEra Energy were worth $15,028,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Cim LLC grew its position in shares of NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares in the last quarter. Conning Inc. grew its position in shares of NextEra Energy by 1.1% during the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after buying an additional 160 shares in the last quarter. Wealth Dimensions Group Ltd. grew its position in shares of NextEra Energy by 4.3% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock worth $278,000 after buying an additional 161 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in shares of NextEra Energy by 0.7% during the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after buying an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC grew its position in shares of NextEra Energy by 2.9% during the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after buying an additional 168 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NEE. Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. UBS Group reduced their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

NextEra Energy Stock Performance

NEE stock traded up $0.87 during mid-day trading on Friday, reaching $76.05. The company had a trading volume of 2,389,156 shares, compared to its average volume of 11,008,440. 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 has a market capitalization of $156.56 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.63 and a beta of 0.67. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The stock's 50-day simple moving average is $71.98 and its two-hundred day simple moving average is $70.31.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its 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 company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Insider Transactions 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 sale, the executive vice president directly owned 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 filing with the SEC, which can be accessed through this link. 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.