NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445,802 shares of the utilities provider's stock after purchasing an additional 15,386 shares during the period. Cardinal Capital Management Inc.'s holdings in NextEra Energy were worth $31,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. L.M. Kohn & Company raised its stake in shares of NextEra Energy by 1.0% during the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after buying an additional 145 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after buying an additional 149 shares during the last quarter. Anchor Capital Advisors LLC raised its stake in shares of NextEra Energy by 5.1% during the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock worth $223,000 after buying an additional 150 shares during the last quarter. Aspen Investment Management Inc raised its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider's stock worth $1,083,000 after buying an additional 151 shares during the last quarter. Finally, Cim LLC raised its stake in shares of NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NEE shares. Wells Fargo & Company cut their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. BMO Capital Markets cut their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. 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 research note on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Barclays cut their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy Trading Up 0.2%

Shares of NYSE:NEE traded up $0.13 during trading on Wednesday, reaching $72.94. 11,999,124 shares of the stock were exchanged, compared to its average volume of 11,063,529. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market cap of $150.16 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The firm's 50-day moving average price is $68.49 and its 200 day moving average price is $70.54.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results 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 return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company's revenue for the quarter was up 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 84.64%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company'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 completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company 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.