Kozak & Associates Inc. Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Kozak & Associates Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% in the first quarter, Holdings Channel reports. The fund owned 5,559 shares of the utilities provider’s stock after purchasing an additional 257 shares during the quarter. Kozak & Associates Inc.’s holdings in NextEra Energy were worth $376,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock valued at $14,717,758,000 after acquiring an additional 2,090,538 shares during the last quarter. Norges Bank bought a new position in shares of NextEra Energy in the fourth quarter worth about $3,484,197,000. Geode Capital Management LLC lifted its position in shares of NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock valued at $3,129,132,000 after buying an additional 1,359,268 shares in the last quarter. Northern Trust Corp grew its stake in shares of NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock valued at $1,655,353,000 after acquiring an additional 2,030,331 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after acquiring an additional 588,038 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.3%

NYSE:NEE opened at $72.83 on Wednesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a market cap of $149.94 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The stock has a fifty day simple moving average of $68.49 and a 200-day simple moving average of $70.54. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. Analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was 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 now directly owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NEE. Barclays reduced their target price 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. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.50.

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.