NextEra Energy, Inc. $NEE Shares Sold by Eastern Bank

Eastern Bank decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 833,085 shares of the utilities provider’s stock after selling 72,340 shares during the quarter. NextEra Energy comprises about 1.1% of Eastern Bank’s holdings, making the stock its 26th largest position. Eastern Bank’s holdings in NextEra Energy were worth $62,890,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position 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 acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake 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 purchasing an additional 298 shares during the period. Acadian Asset Management LLC lifted its stake in shares of NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after purchasing an additional 3,479 shares during the period. First Hawaiian Bank boosted its holdings in shares of NextEra Energy by 34.7% during the first quarter. First Hawaiian Bank now owns 6,078 shares of the utilities provider’s stock worth $431,000 after purchasing an additional 1,566 shares during the last quarter. Finally, Apella Capital LLC grew its position in shares of NextEra Energy by 2.4% in the second quarter. Apella Capital LLC now owns 7,735 shares of the utilities provider’s stock valued at $578,000 after purchasing an additional 178 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Argus set a $90.00 target price on NextEra Energy in a research report on Wednesday, October 29th. BMO Capital Markets reiterated an “outperform” rating and set a $89.00 price objective (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. UBS Group set a $91.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Finally, Barclays set a $88.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.72.

Insider Activity at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Up 0.7%

Shares of NEE stock opened at $81.67 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The firm’s 50 day moving average price is $82.32 and its two-hundred day moving average price is $78.04. The stock has a market cap of $170.09 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 2.51 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were given a $0.5665 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

NextEra Energy 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.