Hudson Valley Investment Advisors Inc. ADV Purchases 7,570 Shares of NextEra Energy, Inc. (NYSE:NEE)

Hudson Valley Investment Advisors Inc. ADV raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 141.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,924 shares of the utilities provider's stock after acquiring an additional 7,570 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in NextEra Energy were worth $916,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Congress Asset Management Co. boosted its holdings in NextEra Energy by 1.7% during the first quarter. Congress Asset Management Co. now owns 206,481 shares of the utilities provider's stock valued at $14,637,000 after acquiring an additional 3,527 shares during the period. Radnor Capital Management LLC boosted its holdings in NextEra Energy by 3.7% during the first quarter. Radnor Capital Management LLC now owns 14,588 shares of the utilities provider's stock valued at $1,034,000 after acquiring an additional 515 shares during the period. Horizon Wealth Management LLC boosted its holdings in NextEra Energy by 36.9% during the first quarter. Horizon Wealth Management LLC now owns 8,228 shares of the utilities provider's stock valued at $583,000 after acquiring an additional 2,217 shares during the period. Constitution Capital LLC boosted its holdings in NextEra Energy by 5.3% during the first quarter. Constitution Capital LLC now owns 81,005 shares of the utilities provider's stock valued at $5,742,000 after acquiring an additional 4,050 shares during the period. Finally, Pines Wealth Management LLC boosted its holdings in NextEra Energy by 7.8% during the first quarter. Pines Wealth Management LLC now owns 19,136 shares of the utilities provider's stock valued at $1,357,000 after acquiring an additional 1,377 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other 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 sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction 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.

NextEra Energy Stock Performance

NYSE:NEE opened at $72.16 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $148.55 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The firm has a 50-day moving average price of $68.45 and a 200 day moving average price of $70.64.

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 (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $6.58 billion. During the same quarter in the prior year, the business posted $0.91 earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts anticipate 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 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 3.14%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NEE shares. Barclays decreased their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $83.50.

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.

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