Pines Wealth Management LLC Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Pines Wealth Management LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,136 shares of the utilities provider’s stock after acquiring an additional 1,377 shares during the period. Pines Wealth Management LLC’s holdings in NextEra Energy were worth $1,357,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. LaFleur & Godfrey LLC lifted its holdings in shares of NextEra Energy by 9.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock valued at $323,000 after buying an additional 400 shares during the period. Brighton Jones LLC raised its position in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after acquiring an additional 1,840 shares in 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 acquiring an additional 298 shares in the last quarter. Stratos Wealth Advisors LLC lifted its holdings in NextEra Energy by 6.8% in the fourth quarter. Stratos Wealth Advisors LLC now owns 19,393 shares of the utilities provider’s stock valued at $1,390,000 after acquiring an additional 1,232 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in NextEra Energy by 8.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 219,603 shares of the utilities provider’s stock worth $14,863,000 after purchasing an additional 17,317 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. BMO Capital Markets cut their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Wells Fargo & Company cut their price objective 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. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Barclays dropped their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Finally, Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

Insider Transactions at NextEra Energy

In related 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 owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $72.16 on Friday. The firm has a market cap of $148.55 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The stock has a 50 day moving average of $68.45 and a two-hundred day moving average of $70.64. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. 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.