NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,838,284 shares of the utilities provider’s stock after selling 464,099 shares during the period. NextEra Energy accounts for 0.6% of Ensign Peak Advisors Inc’s portfolio, making the stock its 27th biggest holding. Ensign Peak Advisors Inc owned about 0.24% of NextEra Energy worth $346,857,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Fulton Bank N.A. grew its holdings in NextEra Energy by 28.5% in the 4th quarter. Fulton Bank N.A. now owns 28,991 shares of the utilities provider’s stock worth $2,078,000 after buying an additional 6,437 shares in the last quarter. Private Client Services LLC boosted its position in NextEra Energy by 5.0% during the 4th quarter. Private Client Services LLC now owns 3,369 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 161 shares during the period. Legacy Private Trust Co. grew its stake in shares of NextEra Energy by 6.9% in the fourth quarter. Legacy Private Trust Co. now owns 14,755 shares of the utilities provider’s stock worth $1,058,000 after purchasing an additional 950 shares in the last quarter. ORG Partners LLC increased its holdings in shares of NextEra Energy by 19.0% during the fourth quarter. ORG Partners LLC now owns 3,377 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 540 shares during the period. Finally, ST Germain D J Co. Inc. raised its stake in shares of NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after purchasing an additional 9,425 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.5 %

Shares of NEE opened at $68.34 on Friday. The business’s 50-day moving average price is $68.74 and its 200 day moving average price is $71.73. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $140.68 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.32%. NextEra Energy’s payout ratio is currently 84.64%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEE. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Wells Fargo & Company decreased their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Erste Group Bank raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, April 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.46.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by 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.