Whittier Trust Co. Acquires 6,704 Shares of NextEra Energy, Inc. (NYSE:NEE)

Whittier Trust Co. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 204,378 shares of the utilities provider's stock after purchasing an additional 6,704 shares during the period. Whittier Trust Co.'s holdings in NextEra Energy were worth $14,486,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Graybill Wealth Management LTD. purchased a new position in shares of NextEra Energy during the first quarter valued at approximately $83,000. Sumitomo Life Insurance Co. increased its position in shares of NextEra Energy by 102.8% during the first quarter. Sumitomo Life Insurance Co. now owns 168,795 shares of the utilities provider's stock valued at $11,966,000 after acquiring an additional 85,552 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of NextEra Energy by 71.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,410 shares of the utilities provider's stock valued at $384,000 after acquiring an additional 2,246 shares in the last quarter. Lokken Investment Group LLC increased its position in shares of NextEra Energy by 1.9% during the first quarter. Lokken Investment Group LLC now owns 23,414 shares of the utilities provider's stock valued at $1,660,000 after acquiring an additional 441 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its position in shares of NextEra Energy by 80.0% during the first quarter. Apollon Wealth Management LLC now owns 168,859 shares of the utilities provider's stock valued at $11,970,000 after acquiring an additional 75,035 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.45 during trading hours on Thursday, reaching $75.22. The company had a trading volume of 7,174,518 shares, compared to its average volume of 11,045,512. The firm's 50 day moving average price is $71.85 and its 200-day moving average price is $70.29. The firm has a market cap of $154.86 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.63 and a beta of 0.67. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.01%. NextEra Energy's dividend payout ratio is currently 84.64%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several analyst reports. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. HSBC reduced their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Finally, BMO Capital Markets dropped their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $84.08.

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.