NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,683 shares of the utilities provider’s stock after acquiring an additional 221 shares during the period. North Star Investment Management Corp.’s holdings in NextEra Energy were worth $1,821,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Fortis Advisors LLC lifted its holdings in NextEra Energy by 23.1% during the 1st quarter. Fortis Advisors LLC now owns 7,212 shares of the utilities provider’s stock worth $511,000 after buying an additional 1,355 shares during the last quarter. Asio Capital LLC raised its position in shares of NextEra Energy by 2.6% during the 1st quarter. Asio Capital LLC now owns 48,796 shares of the utilities provider’s stock worth $3,459,000 after acquiring an additional 1,241 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of NextEra Energy by 8.9% during the 1st quarter. D Orazio & Associates Inc. now owns 3,750 shares of the utilities provider’s stock worth $266,000 after acquiring an additional 308 shares in the last quarter. Brighton Jones LLC lifted its stake in NextEra Energy by 3.6% during the first quarter. Brighton Jones LLC now owns 29,314 shares of the utilities provider’s stock worth $2,078,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in NextEra Energy by 5.5% in the first quarter. Exchange Traded Concepts LLC now owns 4,390 shares of the utilities provider’s stock valued at $311,000 after purchasing an additional 228 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NEE shares. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Guggenheim reaffirmed a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Finally, Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $84.50.

NextEra Energy Trading Up 1.2%

NYSE NEE opened at $74.70 on Monday. The firm’s fifty day moving average is $69.00 and its two-hundred day moving average is $70.40. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. 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 firm has a market cap of $153.78 billion, a PE ratio of 22.17, a P/E/G ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates 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 was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s payout ratio is currently 84.64%.

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.