Good Steward Wealth Advisors LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Good Steward Wealth Advisors LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, Holdings Channel reports. The fund acquired 23,407 shares of the utilities provider’s stock, valued at approximately $1,659,000. NextEra Energy accounts for 1.5% of Good Steward Wealth Advisors LLC’s portfolio, making the stock its 15th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter worth $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $36,000. Midwest Capital Advisors LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $44,000. Finally, Promus Capital LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $45,000. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the 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 sale, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NEE. 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. 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 note on Tuesday, March 11th. BMO Capital Markets reduced their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. UBS Group dropped their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Finally, Barclays cut their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $84.50.

NextEra Energy Stock Down 0.4%

Shares of NYSE NEE opened at $71.54 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm’s 50-day moving average price is $69.45 and its 200-day moving average price is $70.35. The stock has a market capitalization of $147.28 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.52 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company’s quarterly 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. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.17%. NextEra Energy’s dividend payout ratio is presently 85.02%.

NextEra Energy 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.