NextEra Energy Inc (NEE) Holdings Raised by Greenleaf Trust

Greenleaf Trust raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,148 shares of the utilities provider’s stock after acquiring an additional 482 shares during the period. Greenleaf Trust’s holdings in NextEra Energy were worth $3,676,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Oregon Public Employees Retirement Fund boosted its holdings in NextEra Energy by 17,067.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 8,771,018 shares during the period. Rehmann Capital Advisory Group boosted its holdings in NextEra Energy by 16,992.0% during the third quarter. Rehmann Capital Advisory Group now owns 1,864,569 shares of the utilities provider’s stock valued at $11,125,000 after acquiring an additional 1,853,660 shares during the period. Capital International Investors bought a new stake in shares of NextEra Energy in the third quarter valued at about $142,633,000. Vanguard Group Inc lifted its stake in shares of NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after buying an additional 815,916 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc. now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after buying an additional 815,916 shares during the period. Institutional investors own 76.07% of the company’s stock.

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NEE has been the subject of several research reports. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a research note on Wednesday, January 30th. Morgan Stanley increased their target price on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Guggenheim reiterated a “buy” rating and issued a $205.00 target price on shares of NextEra Energy in a research note on Monday, January 7th. Argus increased their target price on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Royal Bank of Canada increased their target price on shares of NextEra Energy to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $178.75.

NYSE NEE opened at $187.88 on Tuesday. The stock has a market capitalization of $89.96 billion, a P/E ratio of 24.40, a P/E/G ratio of 2.89 and a beta of 0.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.29. NextEra Energy Inc has a twelve month low of $151.34 and a twelve month high of $189.39.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 EPS. As a group, sell-side analysts anticipate that NextEra Energy Inc will post 8.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a dividend of $1.25 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $1.11. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.66%. NextEra Energy’s dividend payout ratio (DPR) is currently 57.66%.

In other NextEra Energy news, EVP Deborah H. Caplan sold 3,054 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $183.50, for a total transaction of $560,409.00. Following the completion of the transaction, the executive vice president now owns 22,597 shares in the company, valued at $4,146,549.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $180.81, for a total transaction of $6,391,091.07. Following the transaction, the chief executive officer now owns 94,596 shares of the company’s stock, valued at approximately $17,103,902.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,001 shares of company stock valued at $10,475,928. Corporate insiders own 0.55% of the company’s stock.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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