RedJay Asset Management Inc. Invests $709,000 in NextEra Energy, Inc. (NYSE:NEE)

RedJay Asset Management Inc. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,000 shares of the utilities provider's stock, valued at approximately $709,000.

A number of other hedge funds also recently made changes to their positions in the stock. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at about $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $36,000. Promus Capital LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $45,000. Finally, Graney & King LLC bought a new stake in NextEra Energy in the 4th quarter worth approximately $46,000. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other 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 value of $1,657,880.00. Following the completion of the sale, the executive vice president now directly 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 accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays lowered their price target 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. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

NextEra Energy Stock Performance

NextEra Energy stock opened at $70.96 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The firm has a market cap of $146.07 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.50 and a beta of 0.68. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The firm has a 50-day moving average of $69.99 and a 200-day moving average of $70.12.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Sell-side 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 was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

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.

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