MassMutual Private Wealth & Trust FSB Has $20.29 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

MassMutual Private Wealth & Trust FSB raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,162 shares of the utilities provider's stock after acquiring an additional 32,918 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in NextEra Energy were worth $20,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fire Capital Management LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $894,000. Mascagni Wealth Management Inc. acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $161,000. Chancellor Financial Group WB LP acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $2,866,000. Objective Capital Management LLC increased its holdings in shares of NextEra Energy by 10.7% in the 4th quarter. Objective Capital Management LLC now owns 3,707 shares of the utilities provider's stock valued at $266,000 after purchasing an additional 357 shares during the period. Finally, Triton Wealth Management PLLC increased its holdings in shares of NextEra Energy by 2.4% in the 4th quarter. Triton Wealth Management PLLC now owns 8,721 shares of the utilities provider's stock valued at $650,000 after purchasing an additional 208 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE traded down $0.13 during mid-day trading on Monday, hitting $69.94. The company's stock had a trading volume of 4,157,771 shares, compared to its average volume of 11,093,859. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market capitalization of $143.98 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The stock's 50-day moving average is $68.40 and its two-hundred day moving average is $70.76.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. As a group, sell-side 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 will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.24%. NextEra Energy's dividend payout ratio is currently 84.64%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% 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. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NEE shares. BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $83.50.

About NextEra Energy

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.