Means Investment CO. Inc. Acquires 194 Shares of NextEra Energy, Inc. (NYSE:NEE)


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Means Investment CO. Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,950 shares of the utilities provider’s stock after acquiring an additional 194 shares during the quarter. Means Investment CO. Inc.’s holdings in NextEra Energy were worth $1,660,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Parsec Financial Management Inc. raised its stake in NextEra Energy by 297.6% in the fourth quarter. Parsec Financial Management Inc. now owns 34,358 shares of the utilities provider’s stock valued at $2,651,000 after purchasing an additional 25,716 shares in the last quarter. Glenview Trust Co raised its stake in NextEra Energy by 299.0% in the fourth quarter. Glenview Trust Co now owns 40,023 shares of the utilities provider’s stock valued at $3,087,000 after purchasing an additional 29,991 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in NextEra Energy by 388.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 29,675 shares of the utilities provider’s stock valued at $2,289,000 after purchasing an additional 23,603 shares in the last quarter. CENTRAL TRUST Co raised its stake in NextEra Energy by 296.1% in the fourth quarter. CENTRAL TRUST Co now owns 227,754 shares of the utilities provider’s stock valued at $17,571,000 after purchasing an additional 170,258 shares in the last quarter. Finally, Meitav Dash Investments Ltd. raised its stake in NextEra Energy by 298.5% in the fourth quarter. Meitav Dash Investments Ltd. now owns 449,847 shares of the utilities provider’s stock valued at $34,704,000 after purchasing an additional 336,954 shares in the last quarter. 19.20% of the stock is owned by institutional investors.

NEE has been the subject of several recent research reports. Mizuho upped their price objective on NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 11th. Sanford C. Bernstein initiated coverage on NextEra Energy in a research note on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 price objective for the company. Morgan Stanley lowered their price objective on NextEra Energy from $77.00 to $66.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 16th. Wells Fargo & Company upped their price objective on NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Finally, Bank of America reaffirmed a “buy” rating and issued a $81.00 price objective on shares of NextEra Energy in a research note on Friday, January 15th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $78.18.

In related news, CEO James L. Robo sold 118,000 shares of the stock in a transaction on Tuesday, March 2nd. The stock was sold at an average price of $76.02, for a total value of $8,970,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO James Michael May sold 6,031 shares of the stock in a transaction on Wednesday, March 17th. The shares were sold at an average price of $75.00, for a total value of $452,325.00. Following the completion of the sale, the chief accounting officer now directly owns 12,508 shares of the company’s stock, valued at $938,100. The disclosure for this sale can be found here. Insiders have sold 165,531 shares of company stock worth $12,575,235 over the last ninety days. 0.40% of the stock is owned by insiders.

Shares of NYSE:NEE traded up $0.43 during trading on Thursday, reaching $77.84. 95,542 shares of the stock were exchanged, compared to its average volume of 9,325,720. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48. NextEra Energy, Inc. has a 1-year low of $55.65 and a 1-year high of $87.69. The stock has a fifty day moving average of $74.55 and a two-hundred day moving average of $77.20. The firm has a market cap of $152.68 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16.

NextEra Energy (NYSE:NEE) last issued its earnings results on Monday, January 25th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $5.71 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. NextEra Energy’s revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy, Inc. will post 2.3 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s payout ratio is 73.68%.

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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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