Ipswich Investment Management Co. Inc. Has $847,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ipswich Investment Management Co. Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,948 shares of the utilities provider’s stock after selling 595 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in NextEra Energy were worth $847,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. CVA Family Office LLC lifted its position in shares of NextEra Energy by 3.1% during the 1st quarter. CVA Family Office LLC now owns 12,007 shares of the utilities provider’s stock worth $851,000 after purchasing an additional 363 shares during the last quarter. Powers Advisory Group LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $223,000. Krilogy Financial LLC lifted its position in shares of NextEra Energy by 3.7% during the 1st quarter. Krilogy Financial LLC now owns 10,902 shares of the utilities provider’s stock worth $773,000 after purchasing an additional 389 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in shares of NextEra Energy during the 1st quarter worth about $283,000. Finally, Founders Grove Wealth Partners LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $224,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Guggenheim reissued a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. BMO Capital Markets cut their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Finally, UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.50.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Trading Up 1.2%

NEE stock opened at $74.70 on Friday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The firm has a market cap of $153.78 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.45 and a beta of 0.68. The business’s 50 day moving average is $69.00 and its 200-day moving average is $70.52. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the prior year, the company posted $0.91 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

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,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.