Rockline Wealth Management LLC Buys 2,269 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rockline Wealth Management LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,767 shares of the utilities provider’s stock after buying an additional 2,269 shares during the period. NextEra Energy accounts for 1.2% of Rockline Wealth Management LLC’s portfolio, making the stock its 26th largest position. Rockline Wealth Management LLC’s holdings in NextEra Energy were worth $4,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after buying an additional 2,090,538 shares in the last quarter. Norges Bank bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $3,484,197,000. Geode Capital Management LLC increased its stake in shares of NextEra Energy by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock valued at $3,129,132,000 after purchasing an additional 1,359,268 shares in the last quarter. Northern Trust Corp increased its stake in shares of NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of NextEra Energy by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after purchasing an additional 588,038 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday. BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Wells Fargo & Company decreased their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $84.50.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Up 0.1%

NYSE:NEE opened at $71.61 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 company has a market cap of $147.41 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The company has a 50 day simple moving average of $69.57 and a two-hundred day simple moving average of $70.32.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. Research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 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.