NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Proffitt & Goodson Inc.

Proffitt & Goodson Inc. raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 64.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369 shares of the utilities provider’s stock after buying an additional 144 shares during the quarter. Proffitt & Goodson Inc.’s holdings in NextEra Energy were worth $26,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clear Investment Research LLC boosted its position in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the period. American Capital Advisory LLC lifted its position in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. lifted its position in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $39,000. Finally, Neo Ivy Capital Management purchased a new stake in NextEra Energy during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.9 %

Shares of NYSE NEE traded down $0.69 during mid-day trading on Thursday, reaching $78.95. The company had a trading volume of 8,006,044 shares, compared to its average volume of 11,271,245. The firm has a 50 day simple moving average of $74.31 and a two-hundred day simple moving average of $68.42. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market cap of $162.21 billion, a P/E ratio of 21.44, a PEG ratio of 2.84 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Sell-side analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.61%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on NEE. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a research note on Wednesday, June 12th. Barclays upped their price target on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. Evercore ISI lifted their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research note on Wednesday, June 12th. Finally, Morgan Stanley raised their target price 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 research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.71.

NextEra Energy Company 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.