Inscription Capital LLC Purchases Shares of 9,310 NextEra Energy, Inc. (NYSE:NEE)

Inscription Capital LLC purchased a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,310 shares of the utilities provider's stock, valued at approximately $660,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LaFleur & Godfrey LLC grew its stake in NextEra Energy by 9.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock worth $323,000 after acquiring an additional 400 shares in the last quarter. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the period. Strategic Financial Concepts LLC purchased a new position in NextEra Energy during the 4th quarter worth $203,000. Finally, JFS Wealth Advisors LLC raised its position in NextEra Energy by 4.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 4,588 shares of the utilities provider's stock valued at $329,000 after purchasing an additional 200 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Down 0.4%

Shares of NEE traded down $0.32 during midday trading on Thursday, hitting $71.54. 7,203,232 shares of the company's stock traded hands, compared to its average volume of 11,026,809. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm's fifty day moving average is $69.35 and its 200-day moving average is $70.39. 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 stock has a market capitalization of $147.28 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.53 and a beta of 0.68.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid 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 3.17%. NextEra Energy's payout ratio is 85.02%.

Insider Transactions at NextEra Energy

In other 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 completion of the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NEE. UBS Group dropped their price target 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. Guggenheim restated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Wells Fargo & Company cut their price objective on shares of 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 reduced their price objective 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. Finally, Barclays dropped 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 eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.