HUB Investment Partners LLC Has $9.05 Million Position in NextEra Energy, Inc. (NYSE:NEE)

HUB Investment Partners LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,244 shares of the utilities provider's stock after acquiring an additional 9,197 shares during the period. HUB Investment Partners LLC's holdings in NextEra Energy were worth $9,050,000 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. Whittier Trust Co. lifted its position in shares of NextEra Energy by 212.0% in the fourth quarter. Whittier Trust Co. now owns 197,674 shares of the utilities provider's stock worth $14,171,000 after purchasing an additional 134,318 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in NextEra Energy by 0.6% in 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 buying an additional 20,722 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $1,377,000. Sandy Spring Bank grew its holdings in shares of NextEra Energy by 3.3% during the 4th quarter. Sandy Spring Bank now owns 193,331 shares of the utilities provider's stock valued at $13,860,000 after acquiring an additional 6,245 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in shares of NextEra Energy by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 814,794 shares of the utilities provider's stock worth $58,413,000 after acquiring an additional 16,037 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Guggenheim restated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday. Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $85.92.

NextEra Energy Trading Down 1.2 %

NYSE:NEE traded down $0.86 during trading hours on Monday, hitting $70.02. 12,383,998 shares of the stock were exchanged, compared to its average volume of 10,164,201. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.30 and a twelve month high of $86.10. The company has a market capitalization of $144.03 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company's 50 day moving average is $70.68 and its two-hundred day moving average is $75.42.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.24%. NextEra Energy's payout ratio is currently 67.06%.

Insider Activity 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 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 of the company's stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

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.