Boston Family Office LLC Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

Boston Family Office LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 281,910 shares of the utilities provider’s stock after selling 2,890 shares during the period. NextEra Energy makes up approximately 1.4% of Boston Family Office LLC’s holdings, making the stock its 25th largest holding. Boston Family Office LLC’s holdings in NextEra Energy were worth $20,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after buying an additional 5,831 shares in the last quarter. Empower Advisory Group LLC boosted its stake in shares of NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock valued at $130,714,000 after purchasing an additional 41,328 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. Czech National Bank grew its holdings in shares of NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after purchasing an additional 27,340 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in NextEra Energy by 5.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock worth $12,312,000 after purchasing an additional 9,425 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on NEE. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley increased their target price on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Finally, Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average price target of $85.92.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock opened at $70.92 on Tuesday. The business’s fifty day moving average is $70.67 and its 200 day moving average is $74.99. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market cap of $145.87 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts expect 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 was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

NextEra Energy 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.