NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Blossom Wealth Management

Blossom Wealth Management grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,575 shares of the utilities provider’s stock after purchasing an additional 175 shares during the period. Blossom Wealth Management’s holdings in NextEra Energy were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NEE. Somerset Trust Co boosted its holdings in NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock valued at $6,359,000 after acquiring an additional 4,445 shares during the period. Viking Fund Management LLC lifted its position in shares of NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock worth $35,091,000 after purchasing an additional 200,000 shares in the last quarter. HFR Wealth Management LLC boosted its stake in shares of NextEra Energy by 1.4% in the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider’s stock valued at $9,151,000 after purchasing an additional 1,799 shares during the period. Blackstone Inc. grew its holdings in shares of NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider’s stock valued at $237,527,000 after purchasing an additional 1,423,730 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $96,115,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NextEra Energy 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Up 0.1%

NEE opened at $71.61 on Monday. The business’s 50-day simple moving average is $69.57 and its 200-day simple moving average is $70.24. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The stock has a market capitalization of $147.41 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The firm 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 firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm 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 was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.16%. NextEra Energy’s dividend payout ratio (DPR) is 85.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NEE shares. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Finally, Morgan Stanley decreased their price target 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, June 18th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

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.