Hexagon Capital Partners LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Hexagon Capital Partners LLC boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,312 shares of the utilities provider’s stock after purchasing an additional 497 shares during the period. Hexagon Capital Partners LLC’s holdings in NextEra Energy were worth $1,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in NextEra Energy during the fourth quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy during the fourth quarter valued at $33,000. Copia Wealth Management purchased a new position in NextEra Energy during the fourth quarter valued at $36,000. Mascoma Wealth Management LLC lifted its position in NextEra Energy by 41.3% during the fourth quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 188 shares in the last quarter. Finally, Graney & King LLC purchased a new position in NextEra Energy during the fourth quarter valued at $46,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company’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 sale, the executive vice president directly 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 link. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 0.7%

Shares of NEE stock opened at $73.56 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The stock’s 50-day moving average price is $70.62 and its 200-day moving average price is $70.15. The stock has a market capitalization of $151.43 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.60 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is presently 85.02%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent analyst reports. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. BMO Capital Markets decreased their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Barclays decreased their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.