Whittier Trust Co. Has $3.90 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Whittier Trust Co. lowered its stake in NextEra Energy, Inc. (NYSE:NEEFree Report) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,139 shares of the utilities provider’s stock after selling 11,091 shares during the period. Whittier Trust Co.’s holdings in NextEra Energy were worth $3,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Coppell Advisory Solutions LLC acquired a new stake in NextEra Energy during the 2nd quarter worth $32,000. Country Trust Bank grew its holdings in NextEra Energy by 975.6% during the 3rd quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 400 shares during the period. West Tower Group LLC acquired a new stake in NextEra Energy during the 2nd quarter worth $36,000. GeoWealth Management LLC grew its holdings in NextEra Energy by 124.1% during the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 304 shares during the period. Finally, Alaska Permanent Fund Corp boosted its position in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of NextEra Energy in a research report on Friday, December 8th. They set a “buy” rating and a $69.00 price target on the stock. Guggenheim lifted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Mizuho reissued a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $72.46.

Get Our Latest Stock Report on NEE

NextEra Energy Stock Down 1.3 %

NextEra Energy stock opened at $61.37 on Friday. The firm has a market capitalization of $125.96 billion, a PE ratio of 17.00, a P/E/G ratio of 2.21 and a beta of 0.50. The company’s 50-day moving average is $57.64 and its 200-day moving average is $58.76. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period in the previous year, the business earned $0.51 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.36%. NextEra Energy’s payout ratio is currently 57.06%.

About NextEra Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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