Bellwether Advisors LLC Purchases New Position in NextEra Energy, Inc. (NYSE:NEE)

Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 415 shares of the utilities provider’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Burkett Financial Services LLC increased its position in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $66.17 on Tuesday. 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, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a market capitalization of $136.22 billion, a P/E ratio of 19.64, a PEG ratio of 2.45 and a beta of 0.58. The business has a fifty day moving average of $69.35 and a 200 day moving average of $72.50.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. NextEra Energy’s revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.42%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is presently 84.64%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Barclays reduced their price objective on NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.08.

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.