10,682 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Oak Thistle LLC

Oak Thistle LLC bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 10,682 shares of the utilities provider's stock, valued at approximately $757,000.

Several other large investors have also recently bought and sold shares of the stock. Beacon Investment Advisory Services Inc. raised its stake in NextEra Energy by 5.6% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 100,283 shares of the utilities provider's stock valued at $7,109,000 after purchasing an additional 5,298 shares during the last quarter. First National Bank of Hutchinson bought a new stake in NextEra Energy in the 1st quarter valued at $627,000. Somerville Kurt F increased its holdings in NextEra Energy by 17.1% in the 1st quarter. Somerville Kurt F now owns 89,950 shares of the utilities provider's stock valued at $6,377,000 after buying an additional 13,148 shares during the period. M. Kulyk & Associates LLC increased its holdings in NextEra Energy by 0.7% in the 1st quarter. M. Kulyk & Associates LLC now owns 42,526 shares of the utilities provider's stock valued at $3,015,000 after buying an additional 312 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in NextEra Energy by 5.2% in the 1st quarter. Proficio Capital Partners LLC now owns 13,887 shares of the utilities provider's stock valued at $984,000 after buying an additional 688 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the company'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 completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Down 0.7%

Shares of NYSE:NEE traded down $0.47 during midday trading on Monday, hitting $71.38. The stock had a trading volume of 2,019,597 shares, compared to its average volume of 12,224,658. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business's 50-day simple moving average is $72.23 and its 200-day simple moving average is $70.43. The company has a market cap of $146.99 billion, a P/E ratio of 24.98, a PEG ratio of 2.48 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period last year, the business earned $0.96 earnings per share. The firm's revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.17%. NextEra Energy's dividend payout ratio is currently 79.37%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NEE. HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company cut their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy 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.