Founders Grove Wealth Partners LLC Invests $224,000 in NextEra Energy, Inc. (NYSE:NEE)

Founders Grove Wealth Partners LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,153 shares of the utilities provider’s stock, valued at approximately $224,000.

Other large investors have also modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $44,000. Finally, Promus Capital LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $45,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.1%

NEE stock opened at $73.82 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. 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 $151.97 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.45 and a beta of 0.68. The company has a 50 day moving average of $68.79 and a two-hundred day moving average of $70.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. The business 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%. NextEra Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.07%. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm’s 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 sale, the executive vice president now directly owns 196,817 shares in the company, valued at $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 is available at the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays decreased their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Guggenheim reiterated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Finally, UBS Group decreased their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.