NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,635 shares of the utilities provider’s stock after acquiring an additional 2,279 shares during the period. YHB Investment Advisors Inc.’s holdings in NextEra Energy were worth $7,276,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NEE. LaFleur & Godfrey LLC boosted its holdings in NextEra Energy by 9.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 400 shares in the last quarter. Brighton Jones LLC boosted its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. TCW Group Inc. increased its holdings in shares of NextEra Energy by 0.3% in the 4th quarter. TCW Group Inc. now owns 115,848 shares of the utilities provider’s stock valued at $8,305,000 after purchasing an additional 317 shares in the last quarter. Finally, Howard Capital Management Inc. lifted its stake in shares of NextEra Energy by 5.1% in the fourth quarter. Howard Capital Management Inc. now owns 14,906 shares of the utilities provider’s stock valued at $1,069,000 after purchasing an additional 724 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.0%

NEE stock opened at $70.82 on Tuesday. The stock has a market capitalization of $145.79 billion, a P/E ratio of 26.52, a PEG ratio of 2.52 and a beta of 0.68. The company has a 50 day moving average price of $69.63 and a two-hundred day moving average price of $70.21. 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 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 85.02%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, UBS Group decreased their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on 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 transaction, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by 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.