SFE Investment Counsel Has $11.82 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

SFE Investment Counsel boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,734 shares of the utilities provider's stock after purchasing an additional 16,206 shares during the quarter. NextEra Energy comprises approximately 2.4% of SFE Investment Counsel's holdings, making the stock its 9th largest position. SFE Investment Counsel's holdings in NextEra Energy were worth $11,820,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NEE. Norges Bank bought a new stake in NextEra Energy in the 4th quarter valued at $3,484,197,000. Two Sigma Advisers LP bought a new stake in shares of NextEra Energy in the fourth quarter valued at about $240,269,000. California Public Employees Retirement System lifted its position in shares of NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the period. Schroder Investment Management Group lifted its position in shares of NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock worth $578,164,000 after acquiring an additional 2,499,011 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of NextEra Energy by 8,456.8% in the 1st quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after acquiring an additional 2,429,804 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 0.2%

Shares of NEE stock traded down $0.14 on Friday, reaching $71.83. The company had a trading volume of 8,068,737 shares, compared to its average volume of 11,336,844. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a market cap of $147.92 billion, a PE ratio of 25.12, a PEG ratio of 2.53 and a beta of 0.67. The company has a 50-day moving average of $72.23 and a 200-day moving average of $70.43. 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 issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. NextEra Energy's dividend payout ratio is currently 79.02%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NEE. UBS Group reduced their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets raised their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Barclays upped their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. HSBC cut their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Finally, Wells Fargo & Company reduced their target price 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

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.