Stokes Capital Advisors LLC Purchases 5,182 Shares of NextEra Energy, Inc. (NYSE:NEE)

Stokes Capital Advisors LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,907 shares of the utilities provider’s stock after acquiring an additional 5,182 shares during the quarter. Stokes Capital Advisors LLC’s holdings in NextEra Energy were worth $5,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of NextEra Energy in the fourth quarter valued at about $3,484,197,000. Boston Partners acquired a new position in shares of NextEra Energy in the fourth quarter valued at about $244,169,000. Two Sigma Advisers LP acquired a new position in shares of NextEra Energy in the fourth quarter valued at about $240,269,000. Amundi grew its stake 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 valued at $676,008,000 after acquiring an additional 3,172,405 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake 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 valued at $567,093,000 after acquiring an additional 2,517,369 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction 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. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Up 0.9%

Shares of NYSE NEE opened at $72.16 on Friday. The company has a 50 day simple moving average of $68.45 and a 200 day simple moving average of $70.64. The firm has a market cap of $148.55 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. 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 (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 the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the business earned $0.91 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is 84.64%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NEE shares. Wells Fargo & Company reduced their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Barclays reduced their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets reduced their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.50.

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.