Benson Investment Management Company Inc. Invests $4.43 Million in NextEra Energy, Inc. (NYSE:NEE)

Benson Investment Management Company Inc. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 62,440 shares of the utilities provider's stock, valued at approximately $4,426,000.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. UBS Group cut their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Barclays decreased their price target 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 dropped their price objective 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. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.50.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The shares were 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 directly owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NEE stock traded up $1.54 during midday trading on Thursday, hitting $71.42. 10,966,564 shares of the stock traded hands, compared to its average volume of 11,105,656. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. 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 stock's fifty day simple moving average is $68.41 and its 200-day simple moving average is $70.71. The firm has a market cap of $147.02 billion, a P/E ratio of 21.19, a PEG ratio of 2.45 and a beta of 0.69.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.17%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

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.