WASHINGTON TRUST Co grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,923 shares of the utilities provider’s stock after acquiring an additional 2,953 shares during the quarter. WASHINGTON TRUST Co’s holdings in NextEra Energy were worth $10,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hanson McClain Inc. increased its holdings in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 71 shares in the last quarter. Archford Capital Strategies LLC increased its holdings in shares of NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 4,347 shares in the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $134,000. Finally, Atlantic Trust LLC bought a new stake in NextEra Energy during the second quarter worth $154,000. Hedge funds and other institutional investors own 75.63% of the company’s stock.

Shares of NextEra Energy Inc (NYSE NEE) traded down $0.57 during trading on Friday, reaching $157.47. The company had a trading volume of 1,428,100 shares, compared to its average volume of 1,541,363. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy Inc has a 1-year low of $113.18 and a 1-year high of $159.28. The company has a market capitalization of $74,341.63, a P/E ratio of 23.69, a P/E/G ratio of 3.15 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up .1% on a year-over-year basis. sell-side analysts anticipate that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.50%. NextEra Energy’s dividend payout ratio is currently 44.16%.

In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 65,385 shares of company stock worth $9,748,482. Insiders own 0.53% of the company’s stock.

NEE has been the subject of several recent research reports. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Tuesday, October 10th. KeyCorp reiterated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Finally, Bank of America initiated coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. NextEra Energy has an average rating of “Buy” and a consensus target price of $155.38.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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

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