Financial Sense Advisors Inc. Makes New $4.22 Million Investment in NextEra Energy, Inc. (NYSE:NEE)

Financial Sense Advisors Inc. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 59,567 shares of the utilities provider's stock, valued at approximately $4,223,000. NextEra Energy makes up approximately 1.2% of Financial Sense Advisors Inc.'s portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in NextEra Energy during the fourth quarter worth $3,484,197,000. Geode Capital Management LLC grew its position in shares of NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after purchasing an additional 1,359,268 shares during the last quarter. Northern Trust Corp grew its position in shares of NextEra Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NextEra Energy by 15.2% in 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 valued at $926,358,000 after purchasing an additional 1,707,933 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of NextEra Energy by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after purchasing an additional 2,499,011 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. UBS Group reduced 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. Finally, Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $1.15 during midday trading on Thursday, reaching $71.67. The company had a trading volume of 7,269,957 shares, compared to its average volume of 12,297,975. The stock has a fifty day simple moving average of $72.35 and a 200 day simple moving average of $70.42. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market capitalization of $147.54 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy's dividend payout ratio is presently 84.64%.

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.