Vision Capital Management Inc. Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

Vision Capital Management Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 16.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,141 shares of the utilities provider's stock after purchasing an additional 8,287 shares during the quarter. Vision Capital Management Inc.'s holdings in NextEra Energy were worth $4,263,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Bellwether Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $30,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $33,000. Copia Wealth Management acquired a new stake in NextEra Energy in the 4th quarter valued at about $36,000. Mascoma Wealth Management LLC grew its stake in NextEra Energy by 41.3% in the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 188 shares during the last quarter. Finally, Graney & King LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

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 value of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.

NextEra Energy Trading Down 0.4%

Shares of NEE traded down $0.29 during mid-day trading on Friday, hitting $74.35. The company had a trading volume of 8,094,042 shares, compared to its average volume of 11,113,128. The business's 50-day simple moving average is $71.35 and its 200-day simple moving average is $70.20. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The stock has a market cap of $153.06 billion, a PE ratio of 27.85, a P/E/G ratio of 2.62 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same period last year, the company earned $0.91 earnings per share. The company's quarterly revenue was up 9.0% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.05%. NextEra Energy's payout ratio is 85.02%.

Analyst Ratings Changes

A number of equities research analysts recently commented on NEE shares. BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Wells Fargo & Company decreased their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Finally, Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.73.

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.