NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,051 shares of the utilities provider’s stock after acquiring an additional 202 shares during the period. Mayflower Financial Advisors LLC’s holdings in NextEra Energy were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of NEE. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the fourth quarter worth $36,000. Hughes Financial Services LLC purchased a new stake in shares of NextEra Energy during the 1st quarter worth $40,000. Finally, Graney & King LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth $46,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $74.77 on Thursday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The stock has a market cap of $153.93 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a fifty day moving average price of $71.85 and a 200 day moving average price of $70.29.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. NextEra Energy’s payout ratio is 85.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NEE shares. Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. HSBC decreased their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.08.

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.