Tema Etfs LLC Makes New $389,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Tema Etfs LLC acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,432 shares of the utilities provider's stock, valued at approximately $389,000.

A number of other hedge funds have also bought and sold shares of NEE. Empowered Funds LLC grew its holdings in shares of NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Empower Advisory Group LLC boosted its position in NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after buying an additional 41,328 shares during the period. True North Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth about $3,015,000. MCF Advisors LLC increased its position in shares of NextEra Energy by 33.0% during the fourth quarter. MCF Advisors LLC now owns 21,211 shares of the utilities provider's stock worth $1,521,000 after acquiring an additional 5,260 shares during the period. Finally, Brentview Investment Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $3,761,000. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on NEE shares. BMO Capital Markets reduced their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. 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 note on Tuesday, March 11th. Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $83.46.

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 dated 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 sale, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NEE traded down $4.62 on Thursday, reaching $66.92. 40,189,448 shares of the stock were exchanged, compared to its average volume of 11,094,903. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company's 50-day moving average price is $68.73 and its 200 day moving average price is $71.20. The firm has a market capitalization of $137.76 billion, a PE ratio of 19.86, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

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 for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the company earned $0.91 EPS. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 3.39%. NextEra Energy's dividend payout ratio is currently 84.64%.

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.