Hartline Investment Corp Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

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

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

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm'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 sale, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Barclays lowered their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.82 during trading on Monday, reaching $74.70. The company's stock had a trading volume of 11,355,582 shares, compared to its average volume of 11,061,483. The firm has a market cap of $153.78 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The firm has a 50 day moving average of $70.62 and a 200-day moving average of $70.15. 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 results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

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.