NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Hemenway Trust Co LLC

Hemenway Trust Co LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,980 shares of the utilities provider’s stock after buying an additional 6,547 shares during the period. Hemenway Trust Co LLC’s holdings in NextEra Energy were worth $7,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. Howard Capital Management Group LLC grew its stake in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after buying an additional 5,409 shares during the last quarter. Royal London Asset Management Ltd. grew its position in shares of NextEra Energy by 11.7% during the third quarter. Royal London Asset Management Ltd. now owns 798,757 shares of the utilities provider’s stock worth $67,519,000 after acquiring an additional 83,526 shares during the last quarter. Quarry LP acquired a new stake in shares of NextEra Energy in the 3rd quarter worth about $33,000. Texas Capital Bank Wealth Management Services Inc lifted its position in NextEra Energy by 0.6% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 117,619 shares of the utilities provider’s stock valued at $9,942,000 after purchasing an additional 668 shares during the last quarter. Finally, Temasek Holdings Private Ltd bought a new stake in NextEra Energy in the 3rd quarter valued at about $3,272,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 7.2 %

NYSE NEE opened at $66.97 on Friday. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company has a market capitalization of $137.75 billion, a P/E ratio of 19.87, a PEG ratio of 2.45 and a beta of 0.58. The company’s 50 day simple moving average is $70.65 and its 200 day simple moving average is $74.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.38%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average target price of $85.92.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

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.