BCK Partners Inc. Purchases 135 Shares of NextEra Energy, Inc. (NYSE:NEE)

BCK Partners Inc. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,687 shares of the utilities provider’s stock after buying an additional 135 shares during the quarter. NextEra Energy makes up about 0.1% of BCK Partners Inc.’s investment portfolio, making the stock its 28th biggest position. BCK Partners Inc.’s holdings in NextEra Energy were worth $261,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NEE. Janney Capital Management LLC increased its position in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after acquiring an additional 4,047 shares in the last quarter. AJOVista LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $162,000. Intech Investment Management LLC lifted its holdings in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after buying an additional 26,382 shares in the last quarter. Camden National Bank lifted its holdings in NextEra Energy by 10.2% during the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after buying an additional 14,477 shares in the last quarter. Finally, Fulton Breakefield Broenniman LLC boosted its position in NextEra Energy by 15.5% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 379,968 shares of the utilities provider’s stock valued at $23,079,000 after buying an additional 50,899 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NEE shares. Barclays upped their price target on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Royal Bank of Canada raised their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Citigroup boosted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a report on Wednesday, June 12th. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $80.00.

NextEra Energy Stock Up 0.9 %

NEE stock traded up $0.74 during trading hours on Friday, reaching $79.66. 4,999,611 shares of the stock were exchanged, compared to its average volume of 11,233,079. The firm’s 50-day moving average is $74.56 and its 200-day moving average is $68.66. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.56. The company has a market cap of $163.66 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the company earned $0.88 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

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.