Rockland Trust Co. Has $29.15 Million Holdings in NextEra Energy, Inc. $NEE

Rockland Trust Co. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 386,143 shares of the utilities provider’s stock after buying an additional 36,777 shares during the period. NextEra Energy accounts for 1.2% of Rockland Trust Co.’s holdings, making the stock its 24th biggest holding. Rockland Trust Co.’s holdings in NextEra Energy were worth $29,150,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Geode Capital Management LLC lifted its stake in NextEra Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after buying an additional 526,996 shares during the period. Norges Bank bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $2,375,545,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of NextEra Energy by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after buying an additional 340,315 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of NextEra Energy by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after buying an additional 408,198 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NEE shares. TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Evercore reissued an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. The Goldman Sachs Group boosted their target price on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wolfe Research increased their price target on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $92.95.

NextEra Energy Price Performance

NEE stock opened at $89.49 on Tuesday. The company has a market capitalization of $186.37 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 2.77 and a beta of 0.75. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $90.99. The business has a 50-day simple moving average of $82.97 and a two-hundred day simple moving average of $79.67.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. The trade was a 15.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents a 65.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 204,586 shares of company stock worth $17,474,707. Corporate insiders own 0.18% of the company’s stock.

About NextEra Energy

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.