4,981 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by LifeWealth Investments LLC

LifeWealth Investments LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,981 shares of the utilities provider's stock, valued at approximately $357,000.

Other hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $33,000. Luken Investment Analytics LLC purchased a new position in NextEra Energy in the 4th quarter worth about $36,000. Midwest Capital Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth about $44,000. Finally, Promus Capital LLC purchased a new position in NextEra Energy in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NEE shares. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. BMO Capital Markets lowered their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company lowered 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 report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy Trading Up 2.7%

Shares of NYSE:NEE traded up $1.79 during midday trading on Thursday, reaching $69.00. 11,570,068 shares of the company's stock were exchanged, compared to its average volume of 11,153,210. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market cap of $142.05 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 2.45 and a beta of 0.69. 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 firm's 50 day simple moving average is $68.38 and its two-hundred day simple moving average is $70.89.

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, hitting 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 for the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter last 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, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.28%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.