13,110 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Insight Inv LLC

Insight Inv LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,110 shares of the utilities provider's stock, valued at approximately $929,000.

Other institutional investors also recently modified their holdings of the company. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth approximately $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. Promus Capital LLC acquired a new position in NextEra Energy in the 4th quarter worth approximately $45,000. Finally, Mascoma Wealth Management LLC raised its stake in NextEra Energy by 41.3% during the 4th 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 during the period. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on 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 owned 196,817 shares of the company's stock, valued at $13,777,190. This 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. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $3.71 during trading hours on Tuesday, hitting $73.13. 23,838,106 shares of the company's stock were exchanged, compared to its average volume of 11,022,968. The stock has a market capitalization of $150.55 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.44 and a beta of 0.67. The company's 50-day moving average price is $70.08 and its 200-day moving average price is $70.09. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data 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 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. NextEra Energy's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is presently 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.