NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,300 shares of the utilities provider's stock after purchasing an additional 10,000 shares during the period. Intact Investment Management Inc.'s holdings in NextEra Energy were worth $6,260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the 4th quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $44,000. Finally, Promus Capital LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Up 0.1%

NEE traded up $0.04 during trading hours on Friday, reaching $71.61. 15,182,372 shares of the stock traded hands, compared to its average volume of 10,994,226. The firm's fifty day simple moving average is $69.57 and its two-hundred day simple moving average is $70.24. The company has a market cap of $147.41 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.52 and a beta of 0.68. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. 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 (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.16%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 85.02%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NEE shares. JPMorgan Chase & Co. raised 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. UBS Group cut their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Guggenheim reissued a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Barclays cut their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and an average price target of $84.50.

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.