J. L. Bainbridge & Co. Inc. Sells 212 Shares of NextEra Energy, Inc. (NYSE:NEE)

J. L. Bainbridge & Co. Inc. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,255 shares of the utilities provider’s stock after selling 212 shares during the quarter. NextEra Energy makes up approximately 0.9% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 23rd largest holding. J. L. Bainbridge & Co. Inc.’s holdings in NextEra Energy were worth $9,195,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. First National Trust Co grew its position in NextEra Energy by 1.0% during the fourth quarter. First National Trust Co now owns 242,289 shares of the utilities provider’s stock valued at $17,370,000 after buying an additional 2,385 shares during the period. Brown Miller Wealth Management LLC lifted its holdings in NextEra Energy by 0.5% during the fourth quarter. Brown Miller Wealth Management LLC now owns 45,653 shares of the utilities provider’s stock valued at $3,273,000 after purchasing an additional 221 shares during the last quarter. Analyst IMS Investment Management Services Ltd. lifted its holdings in NextEra Energy by 10.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 39,024 shares of the utilities provider’s stock valued at $2,797,000 after purchasing an additional 3,739 shares during the last quarter. Wellington Shields Capital Management LLC lifted its holdings in NextEra Energy by 612.1% during the fourth quarter. Wellington Shields Capital Management LLC now owns 230,271 shares of the utilities provider’s stock valued at $16,508,000 after purchasing an additional 197,932 shares during the last quarter. Finally, Renasant Bank lifted its holdings in NextEra Energy by 14.8% during the fourth quarter. Renasant Bank now owns 13,751 shares of the utilities provider’s stock valued at $986,000 after purchasing an additional 1,769 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Morgan Stanley increased their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $85.92.

NextEra Energy Price Performance

NEE opened at $73.59 on Friday. The stock has a 50-day moving average price of $70.51 and a 200-day moving average price of $75.87. 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 firm has a market cap of $151.37 billion, a PE ratio of 21.84, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $58.88 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is 67.06%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value 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. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Company 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.