Aspetuck Financial Management LLC Invests $342,000 in NextEra Energy, Inc. (NYSE:NEE)

Aspetuck Financial Management LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,818 shares of the utilities provider's stock, valued at approximately $342,000.

Other institutional investors also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new position in NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter valued at $36,000. Promus Capital LLC acquired a new position in NextEra Energy in the 4th quarter valued at $45,000. Finally, Mascoma Wealth Management LLC increased its stake in NextEra Energy by 41.3% in the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after buying an additional 188 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NEE shares. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Barclays lowered 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. Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, 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 note on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Price Performance

NYSE NEE traded down $0.04 during trading hours on Friday, reaching $70.96. The company's stock had a trading volume of 14,274,070 shares, compared to its average volume of 10,983,912. The stock has a market cap of $146.07 billion, a PE ratio of 26.57, a PEG ratio of 2.50 and a beta of 0.68. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company's 50-day moving average is $69.90 and its two-hundred day moving average is $70.19. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 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 21.81% and a return on equity of 12.06%. The firm's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. NextEra Energy's payout ratio is 85.02%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The shares were 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 in the company, valued at approximately $13,777,190. This represents 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. 0.20% of the stock is owned by insiders.

NextEra Energy 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.