Wendell David Associates Inc. Acquires 490 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wendell David Associates Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,471 shares of the utilities provider’s stock after purchasing an additional 490 shares during the period. NextEra Energy comprises about 1.8% of Wendell David Associates Inc.’s investment portfolio, making the stock its 17th biggest holding. Wendell David Associates Inc.’s holdings in NextEra Energy were worth $17,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NEE. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter worth $3,484,197,000. Boston Partners bought a new stake in shares of NextEra Energy in the fourth quarter worth $244,169,000. Two Sigma Advisers LP bought a new stake in shares of NextEra Energy in the fourth quarter worth $240,269,000. Amundi grew its holdings in shares of NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after acquiring an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of 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 worth $567,093,000 after acquiring an additional 2,517,369 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. BMO Capital Markets lowered their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Guggenheim reiterated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Erste Group Bank downgraded 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 report on Wednesday, April 23rd. Finally, UBS Group lowered their price objective 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction that occurred on 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 owns 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Down 1.3%

Shares of NYSE NEE opened at $73.80 on Tuesday. The business’s 50 day moving average is $69.19 and its two-hundred day moving average is $70.37. 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 stock has a market capitalization of $151.93 billion, a P/E ratio of 21.90, a PEG ratio of 2.45 and a beta of 0.68.

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

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.07%. NextEra Energy’s dividend payout ratio is 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.