3,338 Shares in NextEra Energy, Inc. (NYSE:NEE) Purchased by STAR Financial Bank

STAR Financial Bank bought 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 institutional investor bought 3,338 shares of the utilities provider's stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the fourth quarter worth $36,000. Hughes Financial Services LLC purchased a new position in shares of NextEra Energy during the first quarter worth $40,000. Finally, Graney & King LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.73 during trading hours on Friday, reaching $75.91. 7,985,565 shares of the stock were exchanged, compared to its average volume of 11,046,452. The stock has a market cap of $156.27 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.68 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The firm's 50 day moving average is $72.09 and its 200 day moving average is $70.33.

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

NextEra Energy Announces Dividend

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

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. 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. HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

NextEra Energy 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.