Hall Capital Management Co. Inc. Purchases Shares of 27,024 NextEra Energy, Inc. (NYSE:NEE)

Hall Capital Management Co. Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,024 shares of the utilities provider's stock, valued at approximately $1,937,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. LaFleur & Godfrey LLC lifted its stake in shares of NextEra Energy by 9.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after buying an additional 400 shares during the period. Mutual Advisors LLC lifted its position in shares of NextEra Energy by 34.1% in the 4th quarter. Mutual Advisors LLC now owns 23,803 shares of the utilities provider's stock worth $1,699,000 after acquiring an additional 6,048 shares during the period. Brighton Jones LLC increased its position in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. LexAurum Advisors LLC raised its stake in shares of NextEra Energy by 21.7% in the fourth quarter. LexAurum Advisors LLC now owns 2,932 shares of the utilities provider's stock valued at $210,000 after purchasing an additional 523 shares in the last quarter. Finally, CX Institutional lifted its position in NextEra Energy by 16.4% in the fourth quarter. CX Institutional now owns 10,112 shares of the utilities provider's stock worth $725,000 after purchasing an additional 1,421 shares during the period. Institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction on 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 sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NEE shares. UBS Group dropped their price objective 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. 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. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.50.

NextEra Energy Price Performance

NYSE NEE traded up $1.22 on Friday, hitting $70.21. 5,939,654 shares of the company were exchanged, compared to its average volume of 11,134,138. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market cap of $144.54 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $68.36 and a two-hundred day moving average of $70.84.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

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.