Bearing Point Capital LLC Invests $1.57 Million in NextEra Energy, Inc. (NYSE:NEE)

Bearing Point Capital LLC purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,926 shares of the utilities provider's stock, valued at approximately $1,572,000.

Other large investors also recently bought and sold shares of the company. Accel Wealth Management grew its holdings in shares of NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock worth $618,000 after purchasing an additional 145 shares during the last quarter. L.M. Kohn & Company increased its position in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after acquiring an additional 145 shares during the period. Tortoise Investment Management LLC raised its stake in shares of NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after acquiring an additional 149 shares in the last quarter. Baker Ellis Asset Management LLC boosted its holdings in shares of NextEra Energy by 1.3% in the fourth quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider's stock valued at $836,000 after purchasing an additional 150 shares during the period. Finally, Anchor Capital Advisors LLC grew its stake in NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock worth $223,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Up 0.7 %

Shares of NEE traded up $0.47 during mid-day trading on Tuesday, hitting $66.57. 7,940,764 shares of the company traded hands, compared to its average volume of 10,767,507. The business has a 50 day moving average of $68.86 and a 200 day moving average of $71.87. The company has a market capitalization of $137.03 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting 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 net margin of 28.06% and a return on equity of 11.85%. The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

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

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Erste Group Bank raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, April 16th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.46.

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.