Fluent Financial LLC Has $4.16 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Fluent Financial LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,990 shares of the utilities provider's stock after acquiring an additional 4,020 shares during the period. NextEra Energy accounts for about 1.8% of Fluent Financial LLC's holdings, making the stock its 19th largest position. Fluent Financial LLC's holdings in NextEra Energy were worth $4,157,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter valued at about $33,000. Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $36,000. Midwest Capital Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $44,000. Finally, Promus Capital LLC acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Barclays lowered their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, UBS Group lowered their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.82 during mid-day trading on Wednesday, reaching $67.22. The stock had a trading volume of 7,832,693 shares, compared to its average volume of 11,134,032. The firm's 50 day simple moving average is $68.38 and its 200 day simple moving average is $70.89. 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, Inc. has a one year low of $61.72 and a one year high of $86.10. The firm has a market cap of $138.38 billion, a PE ratio of 19.95, a P/E/G ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate 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 11.85% and a net margin of 28.06%. NextEra Energy's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

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.