NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Essex Savings Bank

Essex Savings Bank increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,312 shares of the utilities provider’s stock after purchasing an additional 1,787 shares during the quarter. Essex Savings Bank’s holdings in NextEra Energy were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Somerset Trust Co raised its position in shares of NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock valued at $6,359,000 after buying an additional 4,445 shares during the last quarter. Viking Fund Management LLC grew its stake in NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock worth $35,091,000 after acquiring an additional 200,000 shares during the period. Strategic Financial Concepts LLC acquired a new position in NextEra Energy in the 4th quarter valued at $203,000. HFR Wealth Management LLC raised its holdings in NextEra Energy by 1.4% in the 4th quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider’s stock valued at $9,151,000 after acquiring an additional 1,799 shares during the last quarter. Finally, Blackstone Inc. lifted its stake 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 worth $237,527,000 after purchasing an additional 1,423,730 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $71.92 on Wednesday. The firm has a fifty day moving average of $69.28 and a 200-day moving average of $70.38. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. 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 firm has a market capitalization of $148.05 billion, a P/E ratio of 26.93, a PEG ratio of 2.60 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. 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 prior year, the company earned $0.91 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. NextEra Energy’s payout ratio is currently 85.02%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NEE shares. BMO Capital Markets lowered their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.50.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

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.