Foster Victor Wealth Advisors LLC Has $6.16 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Foster Victor Wealth Advisors LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,524 shares of the utilities provider’s stock after acquiring an additional 11,797 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in NextEra Energy were worth $6,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NEE. Norges Bank acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $3,484,197,000. Boston Partners acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $244,169,000. Two Sigma Advisers LP acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $240,269,000. Amundi boosted its position in NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after buying an additional 3,172,405 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock valued at $567,093,000 after buying an additional 2,517,369 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $74.70 on Friday. The firm has a market cap of $153.78 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm’s fifty day moving average is $69.00 and its 200-day moving average is $70.46.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 28.06% and a return on equity of 11.85%. NextEra Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 annualized dividend and a yield of 3.03%. NextEra Energy’s payout ratio is 84.64%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group cut their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, BMO Capital Markets cut their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.