ST Germain D J Co. Inc. Purchases 9,425 Shares of NextEra Energy, Inc. (NYSE:NEE)

ST Germain D J Co. Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 171,735 shares of the utilities provider's stock after purchasing an additional 9,425 shares during the quarter. ST Germain D J Co. Inc.'s holdings in NextEra Energy were worth $12,312,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. ORG Partners LLC lifted its position in shares of NextEra Energy by 19.0% in the fourth quarter. ORG Partners LLC now owns 3,377 shares of the utilities provider's stock valued at $242,000 after buying an additional 540 shares during the last quarter. Legacy Private Trust Co. raised its stake in NextEra Energy by 6.9% in the 4th quarter. Legacy Private Trust Co. now owns 14,755 shares of the utilities provider's stock valued at $1,058,000 after acquiring an additional 950 shares during the period. Private Client Services LLC lifted its holdings in NextEra Energy by 5.0% during the 4th quarter. Private Client Services LLC now owns 3,369 shares of the utilities provider's stock valued at $242,000 after purchasing an additional 161 shares during the last quarter. Fulton Bank N.A. boosted its position in NextEra Energy by 28.5% during the fourth quarter. Fulton Bank N.A. now owns 28,991 shares of the utilities provider's stock worth $2,078,000 after purchasing an additional 6,437 shares during the period. Finally, Park National Corp OH increased its holdings in shares of NextEra Energy by 7.9% in the fourth quarter. Park National Corp OH now owns 335,194 shares of the utilities provider's stock valued at $24,030,000 after purchasing an additional 24,615 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NEE. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $87.15.

NextEra Energy Price Performance

NEE traded down $3.27 on Friday, hitting $67.39. 16,260,540 shares of the stock were exchanged, compared to its average volume of 8,409,135. The firm has a market capitalization of $138.58 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The business has a 50-day moving average of $74.23 and a two-hundred day moving average of $77.27.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, November 22nd. NextEra Energy's dividend payout ratio is presently 60.95%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.

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.