Spinnaker Trust Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Spinnaker Trust lowered its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,644 shares of the utilities provider's stock after selling 34,989 shares during the period. Spinnaker Trust's holdings in NextEra Energy were worth $6,355,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. PUREfi Wealth LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $424,000. Adell Harriman & Carpenter Inc. raised its stake in shares of NextEra Energy by 2.2% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 60,726 shares of the utilities provider's stock worth $4,353,000 after buying an additional 1,318 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of NextEra Energy by 1.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 28,241 shares of the utilities provider's stock worth $2,025,000 after buying an additional 508 shares during the period. Blue Trust Inc. grew its stake in shares of NextEra Energy by 1.5% during the 4th quarter. Blue Trust Inc. now owns 37,433 shares of the utilities provider's stock valued at $2,684,000 after acquiring an additional 559 shares during the period. Finally, Campbell Wealth Management increased its holdings in NextEra Energy by 22.0% in the 4th quarter. Campbell Wealth Management now owns 13,775 shares of the utilities provider's stock worth $988,000 after acquiring an additional 2,486 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 0.5 %

Shares of NYSE:NEE traded up $0.31 during trading hours on Tuesday, hitting $68.37. The company's stock had a trading volume of 12,090,251 shares, compared to its average volume of 11,446,257. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market capitalization of $140.59 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 2.42 and a beta of 0.58. The firm's fifty day moving average price is $70.84 and its 200 day moving average price is $76.77.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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%. As a group, research 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. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.31%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 61.13%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NEE shares. 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. Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $85.85.

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.