Croban Buys Shares of 16,911 NextEra Energy, Inc. (NYSE:NEE)

Croban acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,911 shares of the utilities provider's stock, valued at approximately $1,199,000.

A number of other hedge funds have also recently modified their holdings of NEE. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $36,000. Mascoma Wealth Management LLC increased its position in shares of NextEra Energy by 41.3% during the fourth 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. Finally, Graney & King LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

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 that occurred on 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 completion of the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEE. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Guggenheim restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Morgan Stanley cut 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $84.73.

NextEra Energy Stock Down 0.4%

Shares of NYSE NEE traded down $0.29 during midday 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 company has a market cap of $153.06 billion, a P/E ratio of 27.85, a PEG ratio of 2.63 and a beta of 0.67. The business's 50 day moving average is $71.35 and its 200-day moving average is $70.24. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32.

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 for the quarter, meeting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.05%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

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.