YANKCOM Partnership Grows Holdings in NextEra Energy, Inc. (NYSE:NEE)

YANKCOM Partnership lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 129.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,095 shares of the utilities provider's stock after buying 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 SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Callan Capital LLC boosted its holdings in shares of NextEra Energy by 6.4% during the 1st quarter. Callan Capital LLC now owns 12,344 shares of the utilities provider's stock worth $875,000 after buying an additional 743 shares during the period. TD Private Client Wealth LLC increased its stake in shares of NextEra Energy by 4.4% in the first quarter. TD Private Client Wealth LLC now owns 103,844 shares of the utilities provider's stock worth $7,361,000 after purchasing an additional 4,371 shares during the period. Hexagon Capital Partners LLC boosted its stake in NextEra Energy by 3.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 16,312 shares of the utilities provider's stock valued at $1,156,000 after purchasing an additional 497 shares during the period. Chilton Capital Management LLC boosted its stake in NextEra Energy by 8.2% during the 1st quarter. Chilton Capital Management LLC now owns 3,315 shares of the utilities provider's stock valued at $235,000 after purchasing an additional 252 shares during the period. Finally, Traveka Wealth LLC bought a new stake in NextEra Energy during the 1st quarter valued at approximately $281,000. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BMO Capital Markets reduced their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. 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. UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.73.

NextEra Energy Trading Up 1.4%

NEE traded up $1.02 during midday trading on Thursday, hitting $74.67. 6,954,720 shares of the company were exchanged, compared to its average volume of 11,112,179. The firm has a market capitalization of $153.73 billion, a P/E ratio of 27.97, a P/E/G ratio of 2.55 and a beta of 0.67. The firm's 50 day moving average price is $71.03 and its 200-day moving average price is $70.21. 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.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The business's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

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 dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. NextEra Energy's payout ratio is 85.02%.

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.