NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Hemenway Trust Co LLC

Hemenway Trust Co LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,909 shares of the utilities provider's stock after purchasing an additional 8,929 shares during the period. Hemenway Trust Co LLC's holdings in NextEra Energy were worth $8,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. Somerset Trust Co boosted its stake in shares of NextEra Energy by 5.2% during the 1st 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 in the last quarter. Viking Fund Management LLC grew its holdings 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. Strategic Financial Concepts LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $203,000. HFR Wealth Management LLC raised its stake in shares of NextEra Energy by 1.4% during the 4th quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider's stock worth $9,151,000 after buying an additional 1,799 shares during the period. Finally, Blackstone Inc. lifted its position in shares of NextEra Energy by 75.3% during the 4th quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock valued at $237,527,000 after buying an additional 1,423,730 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays reduced their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.50.

Insider Activity at NextEra Energy

In other NextEra Energy 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 value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NYSE NEE traded down $0.32 during trading hours on Thursday, hitting $71.54. 7,203,232 shares of the stock were exchanged, compared to its average volume of 11,026,809. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The company has a market cap of $147.28 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.53 and a beta of 0.68. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a 50-day moving average of $69.35 and a 200 day moving average of $70.39.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is currently 85.02%.

NextEra Energy Company 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.