New Hampshire Trust Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

New Hampshire Trust lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,702 shares of the utilities provider’s stock after acquiring an additional 1,889 shares during the quarter. New Hampshire Trust’s holdings in NextEra Energy were worth $2,501,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NEE. Norges Bank purchased a new stake in shares of NextEra Energy during the 4th quarter worth about $2,774,845,000. Moneta Group Investment Advisors LLC raised its position in shares of NextEra Energy by 66,613.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after purchasing an additional 30,218,452 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $322,214,000. Sarasin & Partners LLP raised its position in shares of NextEra Energy by 23,938.9% during the 1st quarter. Sarasin & Partners LLP now owns 3,646,697 shares of the utilities provider’s stock worth $315,111,000 after purchasing an additional 3,631,527 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $166,747,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.9 %

Shares of NYSE NEE traded down $0.64 during midday trading on Friday, reaching $68.64. 18,391,418 shares of the stock were exchanged, compared to its average volume of 8,218,203. The company has a 50 day simple moving average of $69.78 and a 200 day simple moving average of $73.40. The stock has a market capitalization of $138.91 billion, a P/E ratio of 16.99, a PEG ratio of 2.63 and a beta of 0.47. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.45 and a current ratio of 0.53. NextEra Energy, Inc. has a twelve month low of $65.36 and a twelve month high of $88.61.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $7.35 billion during the quarter, compared to the consensus estimate of $6.68 billion. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. During the same quarter last year, the firm earned $0.81 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.11 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were issued a dividend of $0.4675 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.72%. NextEra Energy’s dividend payout ratio is currently 46.29%.

Insider Transactions at NextEra Energy

In other news, Director James Lawrence Camaren purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average price of $67.85 per share, for a total transaction of $271,400.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at $542,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director James Lawrence Camaren acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average price of $67.85 per share, with a total value of $271,400.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $542,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kirk S. Hachigian acquired 10,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $67.95 per share, with a total value of $679,500.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $1,019,250. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NEE. Royal Bank of Canada reduced their price target on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. The Goldman Sachs Group began coverage on shares of NextEra Energy in a research report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price target for the company. Guggenheim reduced their price target on shares of NextEra Energy from $92.00 to $86.00 in a research report on Friday, July 7th. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, August 30th. Finally, Morgan Stanley cut their price objective on shares of NextEra Energy from $93.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.90.

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, coal, and natural gas facilities. 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.