Matrix Asset Advisors Inc. NY Purchases 22,308 Shares of NextEra Energy, Inc. (NYSE:NEE)

Matrix Asset Advisors Inc. NY lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,623 shares of the utilities provider's stock after acquiring an additional 22,308 shares during the period. NextEra Energy makes up approximately 2.0% of Matrix Asset Advisors Inc. NY's portfolio, making the stock its 17th biggest position. Matrix Asset Advisors Inc. NY's holdings in NextEra Energy were worth $18,050,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Brendel Financial Advisors LLC raised its position in shares of NextEra Energy by 6.0% in the 1st quarter. Brendel Financial Advisors LLC now owns 54,431 shares of the utilities provider's stock worth $3,859,000 after acquiring an additional 3,080 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its position in shares of NextEra Energy by 5.6% in the 1st quarter. Rappaport Reiches Capital Management LLC now owns 5,365 shares of the utilities provider's stock worth $380,000 after acquiring an additional 286 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of NextEra Energy by 12.8% in the 1st quarter. Intact Investment Management Inc. now owns 88,300 shares of the utilities provider's stock worth $6,260,000 after acquiring an additional 10,000 shares in the last quarter. Canton Hathaway LLC raised its position in shares of NextEra Energy by 624.3% in the 1st quarter. Canton Hathaway LLC now owns 18,563 shares of the utilities provider's stock worth $1,316,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Weaver Capital Management LLC grew its stake in shares of NextEra Energy by 28.1% in the 1st quarter. Weaver Capital Management LLC now owns 13,434 shares of the utilities provider's stock valued at $952,000 after buying an additional 2,949 shares during the period. 78.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred 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 transaction, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Up 0.1%

NEE stock traded up $0.04 during mid-day trading on Friday, reaching $71.61. 15,182,372 shares of the company traded hands, compared to its average volume of 10,994,226. The stock has a market cap of $147.41 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 2.52 and a beta of 0.68. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The firm's 50 day moving average price is $69.57 and its 200 day moving average price is $70.24.

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, meeting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Morgan Stanley reduced their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. UBS Group reduced their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Finally, BMO Capital Markets reduced their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy 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.