NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Ategra Capital Management LLC

Ategra Capital Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 71.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,420 shares of the utilities provider's stock after acquiring an additional 10,200 shares during the period. NextEra Energy comprises 1.2% of Ategra Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Ategra Capital Management LLC's holdings in NextEra Energy were worth $1,751,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NEE. Vanguard Group Inc. lifted its position in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock worth $14,717,758,000 after acquiring an additional 2,090,538 shares during the period. Norges Bank acquired a new position in NextEra Energy in the 4th quarter valued at $3,484,197,000. Geode Capital Management LLC raised its position in NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after buying an additional 1,359,268 shares during the last quarter. Northern Trust Corp lifted its stake in shares of NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of NextEra Energy by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock worth $1,041,210,000 after acquiring an additional 588,038 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Erste Group Bank raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, April 16th. Evercore ISI reduced their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. BMO Capital Markets decreased their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, 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 report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.46.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 0.7 %

NEE traded up $0.47 on Tuesday, reaching $66.57. The company's stock had a trading volume of 7,940,764 shares, compared to its average volume of 10,767,507. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The business's 50 day moving average is $68.92 and its 200 day moving average is $71.91. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market cap of $137.03 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last issued 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 business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.40%. The ex-dividend date was Friday, February 28th. NextEra Energy's payout ratio is currently 84.64%.

NextEra Energy Company 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.