Polar Asset Management Partners Inc. Purchases New Stake in NextEra Energy, Inc. (NYSE:NEE)

Polar Asset Management Partners Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 348,000 shares of the utilities provider's stock, valued at approximately $24,948,000.

A number of other institutional investors also recently bought and sold shares of NEE. LaFleur & Godfrey LLC lifted its position in shares of NextEra Energy by 9.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after buying an additional 400 shares in the last quarter. Mutual Advisors LLC lifted its stake in NextEra Energy by 34.1% in the 4th quarter. Mutual Advisors LLC now owns 23,803 shares of the utilities provider's stock worth $1,699,000 after purchasing an additional 6,048 shares in the last quarter. Brighton Jones LLC grew its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. LexAurum Advisors LLC increased its stake in NextEra Energy by 21.7% during the fourth quarter. LexAurum Advisors LLC now owns 2,932 shares of the utilities provider's stock worth $210,000 after acquiring an additional 523 shares during the last quarter. Finally, CX Institutional raised its holdings in NextEra Energy by 16.4% during the 4th quarter. CX Institutional now owns 10,112 shares of the utilities provider's stock valued at $725,000 after buying an additional 1,421 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE traded down $0.82 on Wednesday, hitting $67.22. 7,832,693 shares of the company's stock traded hands, compared to its average volume of 11,134,193. The firm's 50-day moving average price is $68.45 and its two-hundred day moving average price is $70.91. The firm has a market capitalization of $138.38 billion, a PE ratio of 19.95, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a current ratio of 0.47, a quick ratio of 0.38 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 released 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. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. 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 company earned $0.91 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.37%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NEE shares. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.50.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% 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.