BankPlus Trust Department Acquires New Holdings in NextEra Energy, Inc. (NYSE:NEE)

BankPlus Trust Department purchased a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,295 shares of the utilities provider's stock, valued at approximately $1,885,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Impax Asset Management Group plc boosted its holdings in shares of NextEra Energy by 68.7% in the fourth quarter. Impax Asset Management Group plc now owns 32,406 shares of the utilities provider's stock valued at $2,323,000 after buying an additional 13,199 shares during the period. Holistic Financial Partners boosted its holdings in shares of NextEra Energy by 5.5% in the fourth quarter. Holistic Financial Partners now owns 4,083 shares of the utilities provider's stock valued at $293,000 after buying an additional 212 shares during the period. Crestwood Advisors Group LLC lifted its position in shares of NextEra Energy by 2.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 114,159 shares of the utilities provider's stock worth $8,184,000 after purchasing an additional 2,959 shares in the last quarter. WealthShield Partners LLC lifted its position in shares of NextEra Energy by 0.6% in the fourth quarter. WealthShield Partners LLC now owns 28,136 shares of the utilities provider's stock worth $2,017,000 after purchasing an additional 173 shares in the last quarter. Finally, Asset Advisors Investment Management LLC lifted its position in shares of NextEra Energy by 1.2% in the fourth quarter. Asset Advisors Investment Management LLC now owns 39,627 shares of the utilities provider's stock worth $2,841,000 after purchasing an additional 475 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NEE shares. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. 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.com, NextEra Energy currently has a consensus rating of "Hold" and an average price target of $85.85.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.86 on Monday, hitting $70.72. The company had a trading volume of 11,970,672 shares, compared to its average volume of 11,478,043. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market cap of $145.48 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.45 and a beta of 0.58. The stock has a 50 day moving average price of $70.53 and a 200 day moving average price of $76.55. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. 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. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. NextEra Energy's dividend payout ratio is 67.06%.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

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.