NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 241,031 shares of the utilities provider's stock after purchasing an additional 6,550 shares during the quarter. State of Alaska Department of Revenue's holdings in NextEra Energy were worth $17,086,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the fourth quarter worth about $33,000. Copia Wealth Management purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $44,000. Finally, Promus Capital LLC acquired a new stake in NextEra Energy during the 4th quarter valued at approximately $45,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEE. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Barclays cut their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, UBS Group reduced their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Stock Down 0.4%

Shares of NYSE NEE traded down $0.32 during midday trading on Thursday, hitting $71.54. The company's stock had a trading volume of 7,203,232 shares, compared to its average volume of 11,026,809. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The business's fifty day simple moving average is $69.35 and its two-hundred day simple moving average is $70.39. 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 firm has a market capitalization of $147.28 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.53 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (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%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction 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 in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company's stock.

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.