Baldwin Investment Management LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Baldwin Investment Management LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,357 shares of the utilities provider’s stock after buying an additional 317 shares during the period. Baldwin Investment Management LLC’s holdings in NextEra Energy were worth $2,989,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NEE. Silvercrest Asset Management Group LLC increased its stake in NextEra Energy by 2.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 67,456 shares of the utilities provider’s stock worth $4,311,000 after acquiring an additional 1,420 shares during the last quarter. Waverly Advisors LLC raised its holdings in NextEra Energy by 128.2% in the 1st quarter. Waverly Advisors LLC now owns 16,601 shares of the utilities provider’s stock valued at $1,061,000 after buying an additional 9,326 shares during the period. XML Financial LLC raised its holdings in NextEra Energy by 13.9% in the 1st quarter. XML Financial LLC now owns 16,603 shares of the utilities provider’s stock valued at $1,061,000 after buying an additional 2,029 shares during the period. National Wealth Management Group LLC acquired a new position in NextEra Energy in the first quarter valued at about $206,000. Finally, Heartland Bank & Trust Co purchased a new position in NextEra Energy during the first quarter worth about $211,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $77.48 on Wednesday. The firm has a market capitalization of $159.33 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.77 and a beta of 0.57. The firm’s fifty day simple moving average is $80.59 and its 200-day simple moving average is $77.79. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Equities 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 will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.66%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NEE. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $86.85.

About NextEra Energy

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.