Whittier Trust Co. Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Whittier Trust Co. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 212.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,674 shares of the utilities provider's stock after acquiring an additional 134,318 shares during the quarter. Whittier Trust Co.'s holdings in NextEra Energy were worth $14,171,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Boston Partners bought a new position in shares of NextEra Energy in the 4th quarter worth approximately $244,169,000. Amundi increased its holdings in NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after buying an additional 3,172,405 shares during the last quarter. Nordea Investment Management AB raised its position in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after acquiring an additional 1,525,436 shares during the period. National Bank of Canada FI boosted its stake in shares of NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider's stock worth $184,795,000 after acquiring an additional 1,369,689 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its position in shares of NextEra Energy by 13,375.2% during the 4th quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider's stock valued at $67,835,000 after acquiring an additional 939,209 shares during the period. Institutional investors own 78.72% of the company's stock.

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Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

Shares of NEE traded down $0.86 during midday trading on Monday, hitting $70.02. 12,383,998 shares of the company traded hands, compared to its average volume of 10,164,201. NextEra Energy, Inc. has a 52 week low of $61.30 and a 52 week high of $86.10. 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 firm has a 50 day moving average of $70.68 and a 200-day moving average of $75.42. The stock has a market cap of $144.03 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on NEE. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Morgan Stanley lifted their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Finally, Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of "Hold" and an average price target of $85.92.

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.