Ipswich Investment Management Co. Inc. Has $899,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Ipswich Investment Management Co. Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 19.4% in the fourth quarter, Holdings Channel reports. The firm owned 12,543 shares of the utilities provider’s stock after selling 3,012 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in NextEra Energy were worth $899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its position in shares of NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after purchasing an additional 3,817,037 shares in the last quarter. Nordea Investment Management AB raised its stake in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares during the period. National Bank of Canada FI lifted its holdings in NextEra Energy by 167.7% during the third 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 in the last quarter. Geode Capital Management LLC grew its stake in NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after acquiring an additional 820,704 shares during the period. Finally, National Pension Service increased its holdings in shares of NextEra Energy by 14.2% in the third quarter. National Pension Service now owns 3,960,232 shares of the utilities provider’s stock worth $334,758,000 after acquiring an additional 491,462 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $71.74 on Friday. 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 stock has a 50 day moving average price of $70.53 and a 200 day moving average price of $76.56. The stock has a market capitalization of $147.56 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy’s payout ratio is currently 61.13%.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.85.

Get Our Latest Analysis on NextEra Energy

About NextEra Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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