NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,373,491 shares of the utilities provider's stock after purchasing an additional 14,568 shares during the quarter. NextEra Energy comprises 3.4% of Tandem Investment Advisors Inc.'s holdings, making the stock its 12th largest position. Tandem Investment Advisors Inc. owned approximately 0.07% of NextEra Energy worth $97,367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Tortoise Investment Management LLC raised its stake in shares of NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after buying an additional 149 shares during the last quarter. Cim LLC increased its holdings in shares of NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares in the last quarter. Exencial Wealth Advisors LLC boosted its holdings in NextEra Energy by 1.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock worth $866,000 after buying an additional 160 shares in the last quarter. Wealth Dimensions Group Ltd. grew its position in NextEra Energy by 4.3% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock valued at $278,000 after buying an additional 161 shares during the period. Finally, Premier Path Wealth Partners LLC increased its holdings in NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Up 0.7%

Shares of NEE stock traded up $0.54 during trading hours on Thursday, reaching $73.56. 8,560,920 shares of the stock were exchanged, compared to its average volume of 11,046,753. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market capitalization of $151.43 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.57 and a beta of 0.67. The business's fifty day moving average is $70.33 and its two-hundred day moving average is $70.13.

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

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NEE. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. UBS Group reduced their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

Insider Buying and Selling 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 stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company's stock.

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.