NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Hartline Investment Corp

Hartline Investment Corp grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 108.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,461 shares of the utilities provider's stock after acquiring an additional 17,911 shares during the quarter. Hartline Investment Corp's holdings in NextEra Energy were worth $2,443,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Promus Capital LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $45,000. Finally, Mascoma Wealth Management LLC lifted its position in NextEra Energy by 41.3% during the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock worth $46,000 after buying an additional 188 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent research reports. Guggenheim reaffirmed a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. 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. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Wells Fargo & Company cut their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, UBS Group reduced 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $84.55.

NextEra Energy Trading Up 0.7%

NextEra Energy stock traded up $0.54 during midday trading on Friday, reaching $73.56. 8,560,920 shares of the stock traded hands, compared to its average volume of 11,046,753. The firm has a market cap of $151.43 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.60 and a beta of 0.67. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The company has a 50-day simple moving average of $70.47 and a two-hundred day simple moving average of $70.14. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is currently 85.02%.

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.