Fairvoy Private Wealth LLC Buys 12,363 Shares of NextEra Energy, Inc. (NYSE:NEE)

Fairvoy Private Wealth LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 283.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,726 shares of the utilities provider’s stock after acquiring an additional 12,363 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in NextEra Energy were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of NEE. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the 4th quarter worth about $36,000. Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $44,000. Finally, Promus Capital LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $45,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $74.70 on Friday. The firm’s 50-day moving average price is $69.00 and its 200-day moving average price is $70.46. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $153.78 billion, a PE ratio of 22.17, a PEG ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting 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 net margin of 28.06% and a return on equity of 11.85%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s payout ratio is 84.64%.

Analyst Upgrades and Downgrades

NEE has been the subject of several research reports. UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets reduced their price objective 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. Finally, Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

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.