Worth Financial Advisory Group LLC Takes $320,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Worth Financial Advisory Group LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,511 shares of the utilities provider's stock, valued at approximately $320,000.

Other institutional investors have also recently modified their holdings of the company. Somerset Trust Co increased its position in shares of NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Viking Fund Management LLC increased its stake in NextEra Energy by 67.8% in the 1st 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 period. Strategic Financial Concepts LLC bought a new stake in NextEra Energy in the fourth quarter valued at approximately $203,000. HFR Wealth Management LLC lifted its position in NextEra Energy by 1.4% in the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider's stock valued at $9,151,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Blackstone Inc. lifted its position in NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock valued at $237,527,000 after purchasing an additional 1,423,730 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock opened at $71.61 on Friday. The stock has a fifty day moving average of $69.57 and a 200 day moving average of $70.32. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a market capitalization of $147.41 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.52 and a beta of 0.68. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS 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 company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The firm's revenue was up 9.0% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company 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. This represents a $2.27 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NEE shares. Guggenheim reissued a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Finally, UBS Group dropped their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and an average target price of $84.50.

Insider Buying and Selling 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 transaction 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 sale 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.

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