Sfm LLC Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Sfm LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,599 shares of the utilities provider’s stock, valued at approximately $680,000.

A number of other institutional investors have also recently bought and sold shares of NEE. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.2%

Shares of NEE opened at $74.70 on Friday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market capitalization of $153.78 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a fifty day moving average of $69.00 and a 200-day moving average of $70.46.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 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%. NextEra Energy’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, sell-side 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. Stockholders of record on Monday, June 2nd will be paid a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. NextEra Energy’s dividend payout ratio is presently 84.64%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NEE shares. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets cut 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. Wells Fargo & Company cut their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Finally, Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by company 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.