PharVision Advisers LLC Buys New Stake in NextEra Energy, Inc. (NYSE:NEE)

PharVision Advisers LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,591 shares of the utilities provider's stock, valued at approximately $473,000.

Several other large investors have also modified their holdings of NEE. Norges Bank acquired a new position in NextEra Energy in the fourth quarter valued at $3,484,197,000. Boston Partners acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $244,169,000. Two Sigma Advisers LP acquired a new stake in shares of NextEra Energy in the 4th quarter valued at about $240,269,000. Amundi grew its stake in NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock worth $676,008,000 after buying an additional 3,172,405 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in NextEra Energy by 46.7% during the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after buying an additional 2,517,369 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

NYSE NEE traded up $0.88 on Monday, hitting $67.82. 17,155,250 shares of the company's stock were exchanged, compared to its average volume of 11,151,600. The firm has a market cap of $139.62 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.45 and a beta of 0.69. The firm's 50-day moving average price is $68.57 and its two-hundred day moving average price is $71.00. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week 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.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion for 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%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.34%. NextEra Energy's dividend payout ratio is presently 84.64%.

Analysts Set New Price Targets

NEE has been the subject of several research analyst reports. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Barclays decreased their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $83.50.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.