Woodley Farra Manion Portfolio Management Inc. Has $35.70 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Woodley Farra Manion Portfolio Management Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,627 shares of the utilities provider’s stock after acquiring an additional 15,620 shares during the quarter. NextEra Energy makes up approximately 1.8% of Woodley Farra Manion Portfolio Management Inc.’s holdings, making the stock its 27th largest holding. Woodley Farra Manion Portfolio Management Inc.’s holdings in NextEra Energy were worth $35,702,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bellwether Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth $30,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy during the 1st quarter worth $35,000. Copia Wealth Management acquired a new position in NextEra Energy during the 4th quarter worth $36,000. CBIZ Investment Advisory Services LLC lifted its holdings in NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after buying an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $40,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other 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 transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,361 shares of company stock worth $2,365,398 in the last three months. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several recent research reports. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Morgan Stanley dropped 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 report on Wednesday, June 18th. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Finally, Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.42.

NextEra Energy Price Performance

NEE stock opened at $71.96 on Wednesday. The stock has a 50-day moving average price of $72.14 and a two-hundred day moving average price of $70.47. The stock has a market cap of $148.19 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.46 and a beta of 0.67. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.15%. NextEra Energy’s dividend payout ratio is 79.02%.

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.