NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Formidable Asset Management LLC

Formidable Asset Management LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,281 shares of the utilities provider’s stock after acquiring an additional 151 shares during the period. NextEra Energy accounts for 0.7% of Formidable Asset Management LLC’s holdings, making the stock its 21st biggest position. Formidable Asset Management LLC’s holdings in NextEra Energy were worth $4,537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after buying an additional 5,831 shares in the last quarter. Empower Advisory Group LLC increased its position in NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after buying an additional 41,328 shares in the last quarter. Brentview Investment Management LLC purchased a new position in NextEra Energy during the fourth quarter worth $3,761,000. Clarendon Private LLC purchased a new position in NextEra Energy during the fourth quarter worth $646,000. Finally, Fortress Financial Solutions LLC purchased a new position in NextEra Energy during the fourth quarter worth $315,000. 78.72% of the stock is owned by institutional investors and hedge funds.

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 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 owns 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

NextEra Energy Price Performance

NEE stock opened at $67.82 on Friday. The stock has a 50-day moving average price of $68.57 and a two-hundred day moving average price of $71.04. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market cap of $139.62 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. Wells Fargo & Company dropped their price target 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 dropped their price target 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. Barclays dropped their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently 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.