Heck Capital Advisors LLC Takes $631,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Heck Capital Advisors LLC purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,795 shares of the utilities provider's stock, valued at approximately $631,000.

Other institutional investors and hedge funds have also recently modified their holdings of 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 bought a new stake in NextEra Energy in the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $44,000. Finally, Promus Capital LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth $45,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NEE. UBS Group decreased 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. BMO Capital Markets lowered their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Barclays dropped their price target 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. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Stock Up 2.7%

NYSE:NEE traded up $1.79 during mid-day trading on Thursday, hitting $69.00. 11,570,068 shares of the company's stock were exchanged, compared to its average volume of 11,135,772. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The business has a fifty day moving average price of $68.38 and a 200 day moving average price of $70.89. The company has a market cap of $142.05 billion, a PE ratio of 20.48, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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 for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. 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 business posted $0.91 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

NextEra Energy 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.