NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,000 shares of the utilities provider's stock after buying an additional 17,341 shares during the period. NextEra Energy makes up about 2.0% of Inspire Trust Co. N.A.'s holdings, making the stock its 9th biggest holding. Inspire Trust Co. N.A.'s holdings in NextEra Energy were worth $7,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after acquiring an additional 5,831 shares in the last quarter. Empower Advisory Group LLC raised its holdings in NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after acquiring an additional 41,328 shares in the last quarter. True North Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter valued at $3,015,000. MCF Advisors LLC raised its holdings in shares of NextEra Energy by 33.0% during the fourth quarter. MCF Advisors LLC now owns 21,211 shares of the utilities provider's stock worth $1,521,000 after purchasing an additional 5,260 shares during the period. Finally, Brentview Investment Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $3,761,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.88 during trading hours on Friday, hitting $67.82. 17,155,250 shares of the company traded hands, compared to its average volume of 11,151,600. The firm has a market cap of $139.62 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.45 and a beta of 0.69. 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's 50-day simple moving average is $68.57 and its two-hundred day simple moving average is $71.02. 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 released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.34%. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Barclays reduced 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 research report on Tuesday, April 29th. Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, 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. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $83.50.

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.