Neo Ivy Capital Management Purchases New Stake in NextEra Energy, Inc. (NYSE:NEE)

Neo Ivy Capital Management purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,885 shares of the utilities provider's stock, valued at approximately $3,719,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vega Investment Solutions bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $1,931,000. Breakthru Advisory Services LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $211,000. Fourth Dimension Wealth LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $102,000. Breed s Hill Capital LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $202,000. Finally, Vise Technologies Inc. boosted its position in shares of NextEra Energy by 49.5% in the fourth quarter. Vise Technologies Inc. now owns 38,155 shares of the utilities provider's stock valued at $2,735,000 after acquiring an additional 12,630 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $66.92 on Friday. The stock has a market cap of $137.76 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The firm's fifty day simple moving average is $68.63 and its 200 day simple moving average is $71.12. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

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 for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.39%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEE. BMO Capital Markets lowered their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Barclays lowered 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. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $83.46.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the business'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 sale, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.

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