8,845 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by First National Bank of Hutchinson

First National Bank of Hutchinson purchased a new position 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 SEC. The institutional investor purchased 8,845 shares of the utilities provider's stock, valued at approximately $627,000.

Several other hedge funds have also recently bought and sold shares of NEE. Somerville Kurt F boosted its holdings in NextEra Energy by 17.1% during the first quarter. Somerville Kurt F now owns 89,950 shares of the utilities provider's stock valued at $6,377,000 after acquiring an additional 13,148 shares during the period. M. Kulyk & Associates LLC increased its holdings in NextEra Energy by 0.7% in the 1st quarter. M. Kulyk & Associates LLC now owns 42,526 shares of the utilities provider's stock valued at $3,015,000 after buying an additional 312 shares during the period. Proficio Capital Partners LLC lifted its stake in NextEra Energy by 5.2% during the first quarter. Proficio Capital Partners LLC now owns 13,887 shares of the utilities provider's stock worth $984,000 after purchasing an additional 688 shares during the period. KLP Kapitalforvaltning AS boosted its stake in NextEra Energy by 5.5% in the 1st quarter. KLP Kapitalforvaltning AS now owns 765,212 shares of the utilities provider's stock valued at $54,246,000 after buying an additional 40,100 shares in the last quarter. Finally, United Bank boosted its stake in shares of NextEra Energy by 16.2% in the 1st quarter. United Bank now owns 15,152 shares of the utilities provider's stock valued at $1,074,000 after purchasing an additional 2,117 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. UBS Group decreased their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. 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. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $84.42.

Insider Activity at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated Friday, May 9th. The shares were 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 directly owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock traded down $0.83 during midday trading on Thursday, hitting $71.99. The company's stock had a trading volume of 11,163,987 shares, compared to its average volume of 11,179,099. The company has a 50-day moving average price of $72.35 and a two-hundred day moving average price of $70.42. The company has a market cap of $148.21 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.57 and a beta of 0.67. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the company posted $0.96 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict 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. Investors of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. 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.