Elefante Mark B Buys New Shares in NextEra Energy, Inc. (NYSE:NEE)

Elefante Mark B purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,476 shares of the utilities provider's stock, valued at approximately $1,038,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Ethic Inc. increased its holdings in NextEra Energy by 81.3% during the fourth quarter. Ethic Inc. now owns 30,729 shares of the utilities provider's stock worth $2,203,000 after buying an additional 13,782 shares during the last quarter. FORA Capital LLC bought a new position in shares of NextEra Energy in the 4th quarter valued at about $731,000. Dunhill Financial LLC increased its stake in shares of NextEra Energy by 66.5% during the 4th quarter. Dunhill Financial LLC now owns 3,145 shares of the utilities provider's stock worth $225,000 after purchasing an additional 1,256 shares during the last quarter. EHP Funds Inc. bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $817,000. Finally, Colonial Trust Co SC grew its holdings in NextEra Energy by 4.2% during the fourth quarter. Colonial Trust Co SC now owns 49,745 shares of the utilities provider's stock worth $3,566,000 after purchasing an additional 2,024 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. Guggenheim restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Finally, BMO Capital Markets lowered their price target 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. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.46.

NextEra Energy Price Performance

NEE stock opened at $68.34 on Friday. The company's 50-day moving average price is $68.74 and its two-hundred day moving average price is $71.73. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market cap of $140.68 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last released its 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 return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.32%. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is currently 84.64%.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 of the company's stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company's stock.

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.

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