Blackhawk Capital Partners LLC. Buys New Shares in NextEra Energy, Inc. (NYSE:NEE)

Blackhawk Capital Partners LLC. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 26,557 shares of the utilities provider’s stock, valued at approximately $1,697,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Clear Investment Research LLC lifted its position in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy in the fourth quarter worth $29,000. American Capital Advisory LLC increased its stake in NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. increased its stake in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at $34,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $0.26 during midday trading on Friday, hitting $72.09. The company had a trading volume of 7,689,004 shares, compared to its average volume of 11,988,826. The business’s 50 day simple moving average is $73.75 and its two-hundred day simple moving average is $64.81. The stock has a market cap of $148.11 billion, a PE ratio of 19.64, a P/E/G ratio of 2.46 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company posted $0.84 earnings per share. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday, June 12th. Citigroup upped their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a report on Wednesday, June 12th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.57.

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.