Burford Brothers Inc. Buys Shares of 27,596 NextEra Energy, Inc. (NYSE:NEE)

Burford Brothers Inc. bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,596 shares of the utilities provider's stock, valued at approximately $1,956,000. NextEra Energy makes up approximately 0.9% of Burford Brothers Inc.'s investment portfolio, making the stock its 25th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after buying an additional 2,090,538 shares during the period. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter valued at $3,484,197,000. Geode Capital Management LLC increased its stake in shares of NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after acquiring an additional 1,359,268 shares in the last quarter. Northern Trust Corp boosted its stake in NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NextEra Energy by 15.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock worth $926,358,000 after acquiring an additional 1,707,933 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NEE shares. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company cut their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Finally, Barclays lifted their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.73.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Down 0.4%

Shares of NYSE NEE traded down $0.29 during trading on Friday, hitting $74.35. The stock had a trading volume of 8,094,042 shares, compared to its average volume of 11,113,073. The firm has a fifty day moving average of $71.21 and a two-hundred day moving average of $70.23. The company has a market capitalization of $153.06 billion, a PE ratio of 27.85, a PEG ratio of 2.63 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. 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 issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the prior year, the firm posted $0.91 EPS. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

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.