NextEra Energy, Inc. $NEE Holdings Lifted by Rockland Trust Co.

Key Points

• Rockland Trust Co. increased its holdings in NextEra Energy by 5.2%, acquiring an additional 17,121 shares and bringing its total to 349,366 shares valued at approximately $24.25 million.
• Several brokerages have upgraded their ratings for NextEra Energy, with JPMorgan Chase raising its price target from $86 to $87 and maintaining an "overweight" rating.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, reflecting a dividend yield of 3.2% and a payout ratio of 79.37%.

Rockland Trust Co. lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 349,366 shares of the utilities provider's stock after purchasing an additional 17,121 shares during the period. NextEra Energy comprises about 1.2% of Rockland Trust Co.'s portfolio, making the stock its 29th biggest holding. Rockland Trust Co.'s holdings in NextEra Energy were worth $24,253,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. ARS Wealth Advisors Group LLC raised its position in shares of NextEra Energy by 14.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 11,088 shares of the utilities provider's stock valued at $770,000 after buying an additional 1,424 shares during the last quarter. Community Trust & Investment Co. boosted its stake in NextEra Energy by 1.8% during the second quarter. Community Trust & Investment Co. now owns 124,691 shares of the utilities provider's stock worth $8,656,000 after buying an additional 2,171 shares during the period. Atticus Wealth Management LLC grew its position in NextEra Energy by 17.9% in the 2nd quarter. Atticus Wealth Management LLC now owns 23,698 shares of the utilities provider's stock valued at $1,645,000 after acquiring an additional 3,598 shares in the last quarter. Bath Savings Trust Co grew its stake in shares of NextEra Energy by 1.0% in the second quarter. Bath Savings Trust Co now owns 274,601 shares of the utilities provider's stock worth $19,063,000 after acquiring an additional 2,586 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of NextEra Energy by 3.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 374,628 shares of the utilities provider's stock worth $26,007,000 after acquiring an additional 12,300 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,523 shares of company stock valued at $1,476,245. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Up 0.4%

NYSE NEE traded up $0.25 on Friday, reaching $71.04. The company had a trading volume of 14,817,505 shares, compared to its average volume of 9,176,082. The firm has a 50-day moving average of $72.77 and a 200-day moving average of $71.06. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm has a market capitalization of $146.29 billion, a PE ratio of 24.84, a P/E/G ratio of 2.45 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the company posted $0.96 EPS. NextEra Energy's quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Barclays raised their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.00.

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.