Ipswich Investment Management Co. Inc. Sells 595 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ipswich Investment Management Co. Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 11,948 shares of the utilities provider’s stock after selling 595 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in NextEra Energy were worth $847,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new position in NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management bought a new position in NextEra Energy in the 4th quarter valued at $36,000. Midwest Capital Advisors LLC bought a new position in NextEra Energy in the 4th quarter valued at $44,000. Finally, Promus Capital LLC bought a new position in NextEra Energy in the 4th quarter valued at $45,000. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of analyst reports. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Barclays cut their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Erste Group Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. BMO Capital Markets cut their price target on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $74.70 on Friday. The company has a market capitalization of $153.78 billion, a PE ratio of 22.17, a PEG ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. 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’s fifty day simple moving average is $69.00 and its 200 day simple moving average is $70.52.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS 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 $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio is 84.64%.

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.