Northstar Financial Companies Inc. Buys Shares of 6,337 NextEra Energy, Inc. (NYSE:NEE)

Northstar Financial Companies Inc. acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,337 shares of the utilities provider's stock, valued at approximately $454,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bellwether Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $36,000. Copia Wealth Management purchased a new position in NextEra Energy during the fourth quarter valued at $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in NextEra Energy during the fourth quarter valued at $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 2.1%

Shares of NextEra Energy stock traded up $1.48 during trading on Friday, hitting $70.47. The stock had a trading volume of 18,800,654 shares, compared to its average volume of 11,121,064. The firm's fifty day simple moving average is $68.40 and its 200-day simple moving average is $70.79. The stock has a market cap of $145.07 billion, a PE ratio of 20.91, a PEG ratio of 2.45 and a beta of 0.69. 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, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. NextEra Energy's payout ratio is 84.64%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group cut their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Finally, BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Eight investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm'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 owns 196,817 shares of the company's stock, valued at approximately $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 currently owned by company insiders.

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.