Signet Investment Advisory Group Inc. Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Signet Investment Advisory Group Inc. raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,508 shares of the utilities provider's stock after acquiring an additional 5,055 shares during the quarter. NextEra Energy makes up about 2.3% of Signet Investment Advisory Group Inc.'s holdings, making the stock its 15th biggest holding. Signet Investment Advisory Group Inc.'s holdings in NextEra Energy were worth $4,573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management acquired a new position in NextEra Energy in the 4th quarter valued at $36,000. CBIZ Investment Advisory Services LLC increased its stake in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in NextEra Energy in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $75.91 on Friday. 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 quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm's fifty day simple moving average is $72.09 and its 200-day simple moving average is $70.33. The stock has a market cap of $156.27 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67.

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

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.99%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the 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 sale, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. UBS Group dropped their price objective 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. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. HSBC dropped their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $84.08.

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.

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