HBK Sorce Advisory LLC Acquires 4,932 Shares of NextEra Energy, Inc. (NYSE:NEE)

HBK Sorce Advisory LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,555 shares of the utilities provider's stock after acquiring an additional 4,932 shares during the quarter. HBK Sorce Advisory LLC's holdings in NextEra Energy were worth $2,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in NEE. Vanguard Group Inc. boosted its holdings in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock worth $14,717,758,000 after purchasing an additional 2,090,538 shares during the last quarter. Norges Bank purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $3,484,197,000. Geode Capital Management LLC lifted its position in NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after purchasing an additional 1,359,268 shares during the last quarter. Northern Trust Corp grew its position in shares of NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after buying an additional 2,030,331 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock worth $1,041,210,000 after acquiring an additional 588,038 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Up 1.0%

NYSE NEE traded up $0.69 on Thursday, hitting $71.03. 8,010,651 shares of the company were exchanged, compared to its average volume of 10,966,112. The company's 50 day moving average price is $69.80 and its 200-day moving average price is $70.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market capitalization of $146.22 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.48 and a beta of 0.68. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share 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 for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm's revenue was up 9.0% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays dropped their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. UBS Group cut their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.50.

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.