5,452 Shares in NextEra Energy, Inc. (NYSE:NEE) Acquired by Griffith & Werner Inc.

Griffith & Werner Inc. bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,452 shares of the utilities provider's stock, valued at approximately $391,000.

Several other hedge funds have also modified their holdings of NEE. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $30,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy during the 4th quarter worth $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $36,000. Midwest Capital Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter valued at about $44,000. Finally, Promus Capital LLC acquired a new stake in NextEra Energy in the fourth quarter worth about $45,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.3%

NYSE NEE traded up $0.23 on Tuesday, reaching $67.99. The stock had a trading volume of 10,909,582 shares, compared to its average volume of 11,150,635. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a fifty day moving average price of $68.52 and a two-hundred day moving average price of $70.93. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 2.45 and a beta of 0.69.

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. 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 period in the previous year, the firm posted $0.91 earnings per share. The company's revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. NextEra Energy's dividend payout ratio is presently 84.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. 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. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.50.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction 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 directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

About NextEra Energy

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.