Whittier Trust Co. of Nevada Inc. Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Whittier Trust Co. of Nevada Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 158.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,522 shares of the utilities provider's stock after acquiring an additional 59,130 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in NextEra Energy were worth $6,920,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HUB Investment Partners LLC raised its position in NextEra Energy by 7.9% in the 4th quarter. HUB Investment Partners LLC now owns 126,244 shares of the utilities provider's stock worth $9,050,000 after purchasing an additional 9,197 shares during the period. Whittier Trust Co. grew its stake in shares of NextEra Energy by 212.0% during the fourth quarter. Whittier Trust Co. now owns 197,674 shares of the utilities provider's stock valued at $14,171,000 after buying an additional 134,318 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NextEra Energy by 0.6% in the fourth 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 during the period. iA Global Asset Management Inc. bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $1,377,000. Finally, Sandy Spring Bank boosted its holdings in 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 during the period. Institutional investors own 78.72% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have weighed in on NEE shares. Morgan Stanley increased their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Evercore ISI cut 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. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note 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 research report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $85.92.

NextEra Energy Stock Down 2.0 %

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

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, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This is a boost 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 (DPR) is currently 67.06%.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company's stock.

About NextEra Energy

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.