NextEra Energy, Inc. (NYSE:NEE) Position Lifted by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,971 shares of the utilities provider’s stock after buying an additional 12,913 shares during the period. NextEra Energy comprises 4.0% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 4th largest position. S.E.E.D. Planning Group LLC’s holdings in NextEra Energy were worth $11,907,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Empowered Funds LLC lifted its position in shares of NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC increased its holdings in NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock valued at $130,714,000 after buying an additional 41,328 shares during the last quarter. Brentview Investment Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $3,761,000. Fortress Financial Solutions LLC bought a new position in NextEra Energy during the fourth quarter worth $315,000. Finally, Asset Planning Inc bought a new stake in NextEra Energy during the fourth quarter valued at $560,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy 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 transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now directly 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 at the SEC website. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NEE shares. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. BMO Capital Markets cut their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, UBS Group lowered their target price 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. Eight equities 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 has a consensus rating of “Moderate Buy” and an average price target of $83.50.

NextEra Energy Stock Up 2.7%

NEE stock opened at $69.00 on Friday. The firm has a market cap of $142.05 billion, a PE ratio of 20.48, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $68.36 and a 200 day simple moving average of $70.84.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. Equities research 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 $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.28%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s dividend payout ratio is currently 84.64%.

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.