YANKCOM Partnership Buys 6,252 Shares of NextEra Energy, Inc. (NYSE:NEE)

YANKCOM Partnership increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 129.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,095 shares of the utilities provider's stock after purchasing an additional 6,252 shares during the quarter. YANKCOM Partnership's holdings in NextEra Energy were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NEE. Somerset Trust Co boosted its holdings in NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after acquiring an additional 4,445 shares in the last quarter. Viking Fund Management LLC grew its holdings in shares of NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after buying an additional 200,000 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock valued at $27,335,000 after buying an additional 8,472 shares during the last quarter. GAMMA Investing LLC increased its position in shares of NextEra Energy by 20.7% during the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after acquiring an additional 5,949 shares in the last quarter. Finally, Blackstone Inc. raised its stake in shares of NextEra Energy by 75.3% in the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock worth $237,527,000 after purchasing an additional 1,423,730 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business'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 completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Up 1.1%

Shares of NextEra Energy stock traded up $0.82 on Monday, reaching $74.70. The company had a trading volume of 11,355,582 shares, compared to its average volume of 11,061,420. The firm has a market cap of $153.78 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.60 and a beta of 0.67. 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's 50-day moving average price is $70.62 and its two-hundred day moving average price is $70.15. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 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 company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed 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 yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

Analysts Set New Price Targets

NEE has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. BMO Capital Markets cut their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Barclays reduced their price target on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Finally, Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

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.