Warren Street Wealth Advisors LLC Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Warren Street Wealth Advisors LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,056 shares of the utilities provider’s stock after acquiring an additional 275 shares during the period. Warren Street Wealth Advisors LLC’s holdings in NextEra Energy were worth $358,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bellwether Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $33,000. Copia Wealth Management acquired a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $45,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on NEE. Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.50.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $69.87 on Thursday. The company has a market cap of $143.84 billion, a PE ratio of 20.73, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a fifty day moving average price of $68.41 and a two-hundred day moving average price of $70.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Monday, June 2nd. 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.