Vident Advisory LLC Acquires 3,880 Shares of NextEra Energy, Inc. (NYSE:NEE)

Vident Advisory LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 51,180 shares of the utilities provider's stock after buying an additional 3,880 shares during the period. Vident Advisory LLC's holdings in NextEra Energy were worth $3,670,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the 4th quarter valued at $28,000. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. UBS Group lowered 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. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Stock Up 1.3%

Shares of NYSE:NEE traded up $0.88 during midday trading on Monday, reaching $67.82. The company had a trading volume of 17,155,250 shares, compared to its average volume of 11,151,600. The stock has a market capitalization of $139.62 billion, a P/E ratio of 20.12, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a one year low of $61.72 and a one year 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. The stock's fifty day moving average price is $68.57 and its 200-day moving average price is $71.00.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

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 paid a dividend of $0.5665 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.34%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Insider Buying and Selling at NextEra Energy

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 value of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company's stock.

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.