Paradiem LLC Acquires Shares of 195,529 NextEra Energy, Inc. (NYSE:NEE)

Paradiem LLC acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 195,529 shares of the utilities provider's stock, valued at approximately $13,861,000. NextEra Energy comprises approximately 3.8% of Paradiem LLC's holdings, making the stock its 2nd largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Somerset Trust Co raised its position in shares of NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after purchasing an additional 4,445 shares during the period. Viking Fund Management LLC grew its stake in NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after buying an additional 200,000 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in NextEra Energy in the 4th quarter valued at $203,000. HFR Wealth Management LLC raised its holdings in NextEra Energy by 1.4% in the 4th quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider's stock worth $9,151,000 after acquiring an additional 1,799 shares during the period. Finally, Blackstone Inc. lifted its position in NextEra Energy by 75.3% during the 4th quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock worth $237,527,000 after acquiring an additional 1,423,730 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. BMO Capital Markets lowered their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company dropped 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 report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Stock Performance

NEE traded down $0.71 during trading on Monday, reaching $70.82. 8,670,070 shares of the company's stock were exchanged, compared to its average volume of 10,984,931. The company has a market capitalization of $145.79 billion, a P/E ratio of 26.52, a PEG ratio of 2.52 and a beta of 0.68. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The business has a 50 day moving average price of $69.57 and a 200 day moving average price of $70.24. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is 85.02%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% 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.