NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by PUREfi Wealth LLC

PUREfi Wealth LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 71.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,133 shares of the utilities provider’s stock after purchasing an additional 4,215 shares during the period. PUREfi Wealth LLC’s holdings in NextEra Energy were worth $718,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Somerset Trust Co boosted its holdings in shares of NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock valued at $6,359,000 after acquiring an additional 4,445 shares in the last quarter. Viking Fund Management LLC boosted its holdings in shares of NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock valued at $35,091,000 after acquiring an additional 200,000 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $203,000. HFR Wealth Management LLC boosted its holdings in shares of NextEra Energy by 1.4% in the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider’s stock valued at $9,151,000 after acquiring an additional 1,799 shares in the last quarter. Finally, Blackstone Inc. boosted its holdings in shares of NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider’s stock valued at $237,527,000 after acquiring an additional 1,423,730 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NEE shares. Barclays lowered 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 report on Tuesday, April 29th. BMO Capital Markets lowered their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.50.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm’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 transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Down 2.5%

Shares of NYSE NEE opened at $71.92 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm has a 50-day moving average price of $69.28 and a 200 day moving average price of $70.38. 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 $148.05 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.15%. NextEra Energy’s dividend payout ratio (DPR) is currently 85.02%.

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.