110,197 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by Slocum Gordon & Co LLP

Slocum Gordon & Co LLP purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 110,197 shares of the utilities provider's stock, valued at approximately $7,812,000. NextEra Energy accounts for 5.8% of Slocum Gordon & Co LLP's portfolio, making the stock its 4th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth about $33,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $36,000. Promus Capital LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $45,000. Finally, Graney & King LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $46,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.0%

NEE traded up $0.69 during trading on Thursday, hitting $71.03. The company had a trading volume of 8,010,651 shares, compared to its average volume of 10,966,112. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market cap of $146.22 billion, a PE ratio of 26.60, a P/E/G ratio of 2.52 and a beta of 0.68. The business has a 50-day moving average of $69.80 and a 200-day moving average of $70.22.

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

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 84.64%.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley dropped their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets dropped their price target 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.50.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

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.