JT Stratford LLC Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

JT Stratford LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 534.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,442 shares of the utilities provider's stock after buying an additional 13,007 shares during the quarter. JT Stratford LLC's holdings in NextEra Energy were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth approximately $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy in the 4th quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $44,000. Finally, Promus Capital LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $45,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent research reports. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company cut their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. BMO Capital Markets reduced 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, Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, NextEra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy Stock Down 1.3%

Shares of NYSE NEE traded down $0.85 during midday trading on Wednesday, hitting $67.19. 2,786,936 shares of the company's stock were exchanged, compared to its average volume of 11,117,874. The firm's fifty day simple moving average is $68.45 and its 200-day simple moving average is $70.91. The company has a market cap of $138.32 billion, a PE ratio of 19.97, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company'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 transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company's stock.

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.