6,014 Shares in NextEra Energy, Inc. (NYSE:NEE) Bought by Armis Advisers LLC

Armis Advisers LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,014 shares of the utilities provider's stock, valued at approximately $431,000.

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

NextEra Energy Stock Performance

Shares of NEE traded up $1.48 on Friday, reaching $70.47. The company's stock had a trading volume of 18,789,209 shares, compared to its average volume of 11,183,745. The stock's 50 day simple moving average is $68.36 and its two-hundred day simple moving average is $70.84. 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 has a market capitalization of $145.07 billion, a P/E ratio of 20.91, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

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 the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NEE. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays reduced 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 report on Tuesday, April 29th. UBS Group lowered their price objective 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. Finally, Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average 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.