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

Tandem Investment Advisors Inc. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,258,973 shares of the utilities provider's stock after acquiring an additional 201,662 shares during the quarter. NextEra Energy accounts for approximately 3.1% of Tandem Investment Advisors Inc.'s investment portfolio, making the stock its 10th largest position. Tandem Investment Advisors Inc. owned 0.06% of NextEra Energy worth $76,470,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC acquired a new position in NextEra Energy during the second quarter worth about $32,000. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $29,000. GeoWealth Management LLC increased its stake in shares of NextEra Energy by 124.1% in the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider's stock valued at $42,000 after buying an additional 304 shares during the period. Rakuten Securities Inc. acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, Alaska Permanent Fund Corp increased its stake in shares of NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider's stock valued at $32,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Guggenheim upped their price objective on NextEra Energy from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. Barclays assumed coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an "equal weight" rating and a $66.00 price objective for the company. Wells Fargo & Company upped their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, March 19th. Royal Bank of Canada reissued an "outperform" rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, StockNews.com downgraded shares of NextEra Energy from a "hold" rating to a "sell" rating in a research report on Monday, February 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.36.

NextEra Energy Stock Up 3.4 %

NYSE:NEE traded up $2.09 during trading hours on Wednesday, hitting $63.79. 15,597,866 shares of the company traded hands, compared to its average volume of 11,874,226. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The firm's 50-day simple moving average is $59.43 and its 200-day simple moving average is $58.35. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The company has a market cap of $130.92 billion, a PE ratio of 17.09, a PEG ratio of 2.26 and a beta of 0.51.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion for the quarter, compared to analysts' expectations of $5.72 billion. During the same period last year, the business earned $0.51 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.23%. NextEra Energy's dividend payout ratio (DPR) is currently 57.06%.

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.

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