Sentinel Pension Advisors Inc. Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Sentinel Pension Advisors Inc. acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, Holdings Channel.com reports. The firm acquired 6,954 shares of the utilities provider’s stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after acquiring an additional 820,704 shares in the last quarter. Legal & General Group Plc grew its stake in NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after purchasing an additional 143,748 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NextEra Energy by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after purchasing an additional 86,758 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after buying an additional 452,590 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.53 during trading hours on Monday, hitting $66.85. The company’s stock had a trading volume of 17,055,387 shares, compared to its average volume of 9,655,402. The stock has a market cap of $137.47 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a 50 day moving average of $74.23 and a 200 day moving average of $77.32. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

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

NextEra Energy Dividend Announcement

The business also recently declared 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 yield of 3.08%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s payout ratio is presently 60.95%.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of analyst reports. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lowered their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $87.15.

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.