ETF Store Inc. Purchases Shares of 2,877 NextEra Energy, Inc. (NYSE:NEE)

ETF Store Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,877 shares of the utilities provider’s stock, valued at approximately $204,000.

Other institutional investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC boosted its stake in shares of NextEra Energy by 7.7% in the first quarter. Resurgent Financial Advisors LLC now owns 16,879 shares of the utilities provider’s stock worth $1,197,000 after acquiring an additional 1,202 shares during the period. Keyes Stange & Wooten Wealth Management LLC increased its holdings in shares of NextEra Energy by 3.1% in the first quarter. Keyes Stange & Wooten Wealth Management LLC now owns 9,491 shares of the utilities provider’s stock worth $673,000 after purchasing an additional 288 shares during the last quarter. STAR Financial Bank bought a new stake in shares of NextEra Energy in the first quarter worth about $237,000. St. Louis Trust Co increased its holdings in shares of NextEra Energy by 17.7% in the first quarter. St. Louis Trust Co now owns 19,298 shares of the utilities provider’s stock worth $1,368,000 after purchasing an additional 2,898 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of NextEra Energy by 3.7% in the first quarter. Private Advisor Group LLC now owns 245,100 shares of the utilities provider’s stock worth $17,375,000 after purchasing an additional 8,852 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the 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 owned 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 document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

NextEra Energy Stock Up 1.0%

NEE stock traded up $0.73 during mid-day trading on Friday, hitting $75.91. The stock had a trading volume of 7,985,565 shares, compared to its average volume of 11,033,274. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a fifty day moving average of $72.09 and a 200 day moving average of $70.34. The stock has a market capitalization of $156.27 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.65 and a beta of 0.67. 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 (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the prior year, the business posted $0.91 EPS. NextEra Energy’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.99%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is 85.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NEE shares. Wells Fargo & Company lowered their price target 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. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. BMO Capital Markets cut 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. JPMorgan Chase & Co. dropped their target price on shares of NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Finally, Barclays increased their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

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.