Greenleaf Trust Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Greenleaf Trust boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,782 shares of the utilities provider’s stock after purchasing an additional 6,350 shares during the period. Greenleaf Trust’s holdings in NextEra Energy were worth $6,729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Coppell Advisory Solutions LLC acquired a new stake in NextEra Energy in the 2nd quarter valued at about $32,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $29,000. GeoWealth Management LLC increased its stake in shares of NextEra Energy by 124.1% during the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 304 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Alaska Permanent Fund Corp raised its position in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.5 %

Shares of NYSE NEE traded up $0.30 during midday trading on Friday, hitting $64.31. The stock had a trading volume of 13,418,835 shares, compared to its average volume of 11,871,479. The company has a fifty day moving average price of $59.73 and a 200 day moving average price of $58.43. The company has a market capitalization of $131.99 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.29 and a beta of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the company posted $0.51 earnings per share. On average, analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 57.06%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. BMO Capital Markets dropped their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Mizuho reaffirmed a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

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.