Douglass Winthrop Advisors LLC Has $2.41 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Douglass Winthrop Advisors LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 75.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,565 shares of the utilities provider's stock after selling 101,932 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in NextEra Energy were worth $2,406,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NEE. HUB Investment Partners LLC raised its stake in NextEra Energy by 7.9% during the 4th quarter. HUB Investment Partners LLC now owns 126,244 shares of the utilities provider's stock worth $9,050,000 after acquiring an additional 9,197 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of NextEra Energy by 212.0% in the 4th quarter. Whittier Trust Co. now owns 197,674 shares of the utilities provider's stock worth $14,171,000 after acquiring an additional 134,318 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of NextEra Energy by 0.6% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,480,505 shares of the utilities provider's stock worth $249,517,000 after purchasing an additional 20,722 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $1,377,000. Finally, Sandy Spring Bank grew its holdings in NextEra Energy by 3.3% in the fourth quarter. Sandy Spring Bank now owns 193,331 shares of the utilities provider's stock valued at $13,860,000 after purchasing an additional 6,245 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley raised their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Finally, Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of "Hold" and an average target price of $85.92.

NextEra Energy Price Performance

NEE stock traded down $1.37 during midday trading on Tuesday, reaching $68.70. The company had a trading volume of 12,616,170 shares, compared to its average volume of 10,151,328. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1-year low of $61.30 and a 1-year high of $86.10. The company has a market capitalization of $141.32 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The stock has a 50 day moving average price of $70.68 and a 200-day moving average price of $75.42.

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

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio is currently 67.06%.

Insider Buying and Selling

In other 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 value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by 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.