Greenwood Capital Associates LLC Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Greenwood Capital Associates LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,356 shares of the utilities provider’s stock after purchasing an additional 6,964 shares during the period. Greenwood Capital Associates LLC’s holdings in NextEra Energy were worth $5,555,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NEE. LaFleur & Godfrey LLC raised its stake in NextEra Energy by 9.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 400 shares in the last quarter. Brighton Jones LLC increased its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Empowered Funds LLC raised its position in NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after purchasing an additional 5,831 shares during the period. Finally, Soltis Investment Advisors LLC lifted its stake in shares of NextEra Energy by 6.3% in the 4th quarter. Soltis Investment Advisors LLC now owns 4,837 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Guggenheim reissued a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Eight research 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, the company presently has an average rating of “Moderate Buy” and an average price target of $83.50.

NextEra Energy Stock Performance

Shares of NEE opened at $72.94 on Thursday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a market cap of $150.16 billion, a P/E ratio of 21.64, a PEG ratio of 2.45 and a beta of 0.68. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $68.61 and a two-hundred day moving average of $70.55.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 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 return on equity of 11.85% and a net margin of 28.06%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. As a group, research analysts predict 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 will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 transaction, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy 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.