NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by Hemenway Trust Co LLC

Hemenway Trust Co LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,433 shares of the utilities provider's stock after acquiring an additional 7,787 shares during the quarter. Hemenway Trust Co LLC's holdings in NextEra Energy were worth $8,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Proffitt & Goodson Inc. boosted its stake in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE traded down $1.65 during mid-day trading on Tuesday, reaching $74.26. 12,567,645 shares of the company's stock traded hands, compared to its average volume of 10,923,739. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The stock has a market capitalization of $152.71 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57. The business's 50-day moving average price is $81.95 and its 200-day moving average price is $77.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 EPS. NextEra Energy's quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio is currently 60.95%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, September 3rd. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a "hold" rating and a $87.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $86.54.

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.