111 Capital Takes Position in NextEra Energy, Inc. (NYSE:NEE)

111 Capital bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,257 shares of the utilities provider's stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. Copia Wealth Management bought a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $44,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 1.0%

Shares of NEE traded up $0.68 on Tuesday, hitting $70.83. The company's stock had a trading volume of 3,302,574 shares, compared to its average volume of 12,560,376. 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's fifty day moving average price is $68.40 and its 200-day moving average price is $70.71. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm has a market capitalization of $145.81 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Insider Transactions 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 stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NEE. UBS Group dropped their price target 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. BMO Capital Markets dropped their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Barclays lowered their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company lowered their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

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.