Golden State Wealth Management LLC Has $539,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

Golden State Wealth Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,598 shares of the utilities provider’s stock after purchasing an additional 682 shares during the period. Golden State Wealth Management LLC’s holdings in NextEra Energy were worth $539,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NEE. Vanguard Group Inc. raised its holdings in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock valued at $14,717,758,000 after buying an additional 2,090,538 shares during the last quarter. Norges Bank bought a new position in shares of NextEra Energy during the fourth quarter valued at $3,484,197,000. Geode Capital Management LLC grew its stake in shares of NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock worth $3,129,132,000 after purchasing an additional 1,359,268 shares during the last quarter. Northern Trust Corp increased its holdings in NextEra Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NextEra Energy by 15.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider’s stock worth $926,358,000 after purchasing an additional 1,707,933 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NEE shares. BMO Capital Markets decreased their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. UBS Group decreased 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. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Barclays lowered their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.55.

NextEra Energy Stock Up 0.7%

NEE stock opened at $73.56 on Friday. The firm has a market capitalization of $151.43 billion, a PE ratio of 27.55, a P/E/G ratio of 2.60 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock’s 50 day moving average is $70.62 and its 200-day moving average is $70.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s payout ratio is 85.02%.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

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.