Great Lakes Retirement Inc. Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Great Lakes Retirement Inc. boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 9.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 12,123 shares of the utilities provider’s stock after purchasing an additional 1,060 shares during the period. Great Lakes Retirement Inc.’s holdings in NextEra Energy were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NEE. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the fourth quarter worth about $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the fourth quarter worth about $36,000. Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $44,000. Finally, Promus Capital LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $45,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

NextEra Energy Trading Down 1.3%

Shares of NextEra Energy stock opened at $73.80 on Tuesday. 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 1 year low of $61.72 and a 1 year high of $86.10. The firm has a market cap of $151.93 billion, a PE ratio of 21.90, a PEG ratio of 2.45 and a beta of 0.68. The company has a 50 day simple moving average of $69.19 and a two-hundred day simple moving average of $70.37.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.07%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is currently 84.64%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NEE shares. Guggenheim reiterated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays reduced their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.50.

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.