Bfsg LLC Purchases 376 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bfsg LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,601 shares of the utilities provider’s stock after acquiring an additional 376 shares during the quarter. Bfsg LLC’s holdings in NextEra Energy were worth $5,856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Bellwether Advisors LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy during the 4th quarter valued at $36,000. Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $44,000. Finally, Promus Capital LLC bought a new position in NextEra Energy in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. BMO Capital Markets dropped their target price 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. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Erste Group Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Barclays reduced their target price on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

NextEra Energy Trading Down 1.3%

NYSE:NEE opened at $73.80 on Tuesday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The firm has a fifty day simple moving average of $69.19 and a 200-day simple moving average of $70.37. 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 capitalization of $151.93 billion, a P/E ratio of 21.90, a PEG ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last issued its quarterly 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. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the company earned $0.91 EPS. NextEra Energy’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.07%. NextEra Energy’s payout ratio is 84.64%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction 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. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by corporate insiders.

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.