Northeast Investment Management Has $29.27 Million Stake in NextEra Energy, Inc. $NEE

Northeast Investment Management lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 387,767 shares of the utilities provider’s stock after selling 14,577 shares during the quarter. NextEra Energy comprises 1.2% of Northeast Investment Management’s investment portfolio, making the stock its 27th biggest holding. Northeast Investment Management’s holdings in NextEra Energy were worth $29,273,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after buying an additional 298 shares in the last quarter. Acadian Asset Management LLC boosted its stake in NextEra Energy by 38.4% during the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after acquiring an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC increased its stake in NextEra Energy by 18.1% in the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 852 shares in the last quarter. Finally, United Bank raised its holdings in shares of NextEra Energy by 2.9% during the second quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after purchasing an additional 444 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other NextEra Energy news, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president owned 9,643 shares in the company, valued at $867,870. This represents a 65.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This represents a 15.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,049 shares of company stock valued at $14,194,542 over the last three months. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $92.62 on Wednesday. The company has a fifty day moving average price of $84.14 and a 200-day moving average price of $80.57. The firm has a market cap of $192.89 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.90 and a beta of 0.76. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period last year, the firm earned $0.53 earnings per share. The firm’s revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is presently 69.00%.

Analysts Set New Price Targets

Several analysts have recently commented on NEE shares. HSBC raised their target price on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Argus set a $92.00 price objective on NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. UBS Group set a $91.00 price objective on NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Barclays increased their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Finally, BMO Capital Markets set a $95.00 price target on shares of NextEra Energy in a research note on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.