Sovereign s Capital Management LLC Buys Shares of 12,056 NextEra Energy, Inc. (NYSE:NEE)

Sovereign s Capital Management LLC acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,056 shares of the utilities provider's stock, valued at approximately $864,000.

A number of other large investors also recently modified their holdings of the company. Visionary Wealth Advisors raised its holdings in shares of NextEra Energy by 0.7% during the 4th quarter. Visionary Wealth Advisors now owns 102,012 shares of the utilities provider's stock valued at $7,313,000 after buying an additional 696 shares in the last quarter. Vivaldi Capital Management LP grew its position in NextEra Energy by 23.6% during the 4th quarter. Vivaldi Capital Management LP now owns 5,576 shares of the utilities provider's stock worth $412,000 after acquiring an additional 1,064 shares during the last quarter. Two Sigma Advisers LP bought a new position in NextEra Energy during the 4th quarter worth approximately $240,269,000. Tybourne Capital Management HK Ltd. grew its position in NextEra Energy by 101.8% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 53,137 shares of the utilities provider's stock worth $3,809,000 after acquiring an additional 26,806 shares during the last quarter. Finally, Texas Bank & Trust Co bought a new position in NextEra Energy during the 4th quarter worth approximately $677,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 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 at the SEC website. 0.20% of the stock is owned by insiders.

NextEra Energy Stock Down 6.5%

Shares of NYSE NEE traded down $4.62 during mid-day trading on Thursday, hitting $66.92. 40,189,448 shares of the stock traded hands, compared to its average volume of 11,104,193. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a market cap of $137.76 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.45 and a beta of 0.69. The stock has a fifty day moving average price of $68.73 and a 200-day moving average price of $71.20.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate 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 return on equity of 11.85% and a net margin of 28.06%. The firm's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.39%. NextEra Energy's dividend payout ratio (DPR) is currently 84.64%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $83.46.

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.