World Investment Advisors Acquires 3,710 Shares of NextEra Energy, Inc. (NYSE:NEE)

World Investment Advisors increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,688 shares of the utilities provider's stock after purchasing an additional 3,710 shares during the period. World Investment Advisors' holdings in NextEra Energy were worth $6,642,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NEE. Norges Bank acquired a new position in NextEra Energy during the fourth quarter worth about $3,484,197,000. Boston Partners purchased a new stake in NextEra Energy during the 4th quarter worth about $244,169,000. Two Sigma Advisers LP purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $240,269,000. Amundi raised its holdings in NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after acquiring an additional 3,172,405 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NEE. Wells Fargo & Company dropped their target price 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. Morgan Stanley reduced their price objective on 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. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

NextEra Energy Trading Up 1.1%

Shares of NYSE:NEE traded up $0.82 during trading on Monday, reaching $74.70. The stock had a trading volume of 11,355,582 shares, compared to its average volume of 11,061,483. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm's fifty day moving average is $70.62 and its 200 day moving average is $70.15. The stock has a market cap of $153.78 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.60 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

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.