NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Berkshire Bank

Berkshire Bank grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,693 shares of the utilities provider's stock after purchasing an additional 3,832 shares during the quarter. NextEra Energy comprises approximately 0.9% of Berkshire Bank's portfolio, making the stock its 27th largest holding. Berkshire Bank's holdings in NextEra Energy were worth $3,523,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Empower Advisory Group LLC grew its position in shares of NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after buying an additional 41,328 shares in the last quarter. Somerset Trust Co grew its position in shares of NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after acquiring an additional 4,445 shares during the last quarter. Viking Fund Management LLC increased its stake in NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after purchasing an additional 200,000 shares during the period. Congress Asset Management Co. increased its position in NextEra Energy by 9.4% in the 4th quarter. Congress Asset Management Co. now owns 202,954 shares of the utilities provider's stock valued at $14,550,000 after acquiring an additional 17,448 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of NextEra Energy by 12.0% during the fourth quarter. Principal Securities Inc. now owns 58,152 shares of the utilities provider's stock worth $4,169,000 after purchasing an additional 6,231 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NEE shares. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday. BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Barclays dropped their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Trading Up 0.1%

NYSE NEE traded up $0.04 during mid-day trading on Friday, reaching $71.61. 15,182,233 shares of the stock were exchanged, compared to its average volume of 11,043,364. The stock has a market capitalization of $147.41 billion, a PE ratio of 26.82, a PEG ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The business's fifty day simple moving average is $69.45 and its 200 day simple moving average is $70.35.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

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.