Fire Capital Management LLC Makes New $894,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Fire Capital Management LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,476 shares of the utilities provider's stock, valued at approximately $894,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after purchasing an additional 5,831 shares during the period. Empower Advisory Group LLC raised its stake in shares of NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after buying an additional 41,328 shares in the last quarter. Brentview Investment Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $3,761,000. Fortress Financial Solutions LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $315,000. Finally, Ibex Wealth Advisors boosted its stake in NextEra Energy by 1,408.9% during the fourth quarter. Ibex Wealth Advisors now owns 106,376 shares of the utilities provider's stock valued at $7,626,000 after buying an additional 99,326 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Up 0.0%

NYSE:NEE traded up $0.03 during trading hours on Monday, hitting $70.10. 3,605,116 shares of the stock traded hands, compared to its average volume of 11,092,960. The firm has a 50 day moving average price of $68.40 and a 200 day moving average price of $70.76. The firm has a market cap of $144.31 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is presently 84.64%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.50.

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.