NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Vantage Wealth

Vantage Wealth lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 231,935 shares of the utilities provider’s stock after buying an additional 4,165 shares during the period. NextEra Energy makes up about 3.7% of Vantage Wealth’s portfolio, making the stock its 20th biggest holding. Vantage Wealth’s holdings in NextEra Energy were worth $16,442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy in the 4th quarter worth $33,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in NextEra Energy in the 4th quarter worth $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy in the 4th quarter worth $45,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NEE. UBS Group cut their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eight have assigned 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 price target of $83.50.

Insider Buying and Selling

In related 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 sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $70.07 on Tuesday. The firm has a market cap of $144.24 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The firm’s 50-day simple moving average is $68.40 and its 200-day simple moving average is $70.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last issued 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 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%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.23%. NextEra Energy’s dividend payout ratio (DPR) is 84.64%.

About NextEra Energy

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.