Somerville Kurt F Buys 13,148 Shares of NextEra Energy, Inc. (NYSE:NEE)

Somerville Kurt F grew its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,950 shares of the utilities provider's stock after acquiring an additional 13,148 shares during the quarter. NextEra Energy accounts for 1.1% of Somerville Kurt F's holdings, making the stock its 29th biggest position. Somerville Kurt F's holdings in NextEra Energy were worth $6,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of NEE. Somerset Trust Co lifted its stake in NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after acquiring an additional 4,445 shares in the last quarter. Elyxium Wealth LLC bought a new stake in NextEra Energy in the first quarter valued at approximately $783,000. Viking Fund Management LLC lifted its holdings in NextEra Energy by 67.8% during the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after purchasing an additional 200,000 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of NextEra Energy by 2.2% during the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after buying an additional 8,472 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of NextEra Energy by 20.7% during the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after acquiring an additional 5,949 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. Morgan Stanley lowered their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Barclays raised their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. 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. Finally, UBS Group lowered their price objective 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. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Trading Down 1.1%

NEE stock traded down $0.83 during trading on Thursday, reaching $71.99. The company had a trading volume of 11,163,987 shares, compared to its average volume of 11,179,099. The company has a market cap of $148.21 billion, a P/E ratio of 25.17, a PEG ratio of 2.57 and a beta of 0.67. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business has a 50 day moving average of $72.35 and a 200 day moving average of $70.42. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts forecast 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 will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.15%. NextEra Energy's dividend payout ratio 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.