NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Kennebec Savings Bank

Kennebec Savings Bank raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 74.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,742 shares of the utilities provider’s stock after acquiring an additional 3,299 shares during the quarter. Kennebec Savings Bank’s holdings in NextEra Energy were worth $549,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. L.M. Kohn & Company raised its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after acquiring an additional 145 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 149 shares during the last quarter. Anchor Capital Advisors LLC raised its holdings in shares of NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 150 shares during the last quarter. Aspen Investment Management Inc raised its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider’s stock worth $1,083,000 after acquiring an additional 151 shares during the last quarter. Finally, Cim LLC raised its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock worth $2,397,000 after acquiring an additional 158 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $72.16 on Friday. The firm has a market capitalization of $148.55 billion, a PE ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business has a 50-day moving average of $68.45 and a two-hundred day moving average of $70.60. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The company 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%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared 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 3.14%. NextEra Energy’s dividend payout ratio is presently 84.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NEE shares. UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Wells Fargo & Company dropped their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

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.