Amalgamated Bank Has $29.15 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Amalgamated Bank trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 406,610 shares of the utilities provider’s stock after selling 2,175 shares during the period. Amalgamated Bank’s holdings in NextEra Energy were worth $29,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC raised its stake in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares during the period. GHP Investment Advisors Inc. raised its stake in NextEra Energy by 60.6% in the 3rd quarter. GHP Investment Advisors Inc. now owns 1,102 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 416 shares during the period. Modera Wealth Management LLC boosted its position in shares of NextEra Energy by 1.1% in the third quarter. Modera Wealth Management LLC now owns 39,721 shares of the utilities provider’s stock valued at $3,358,000 after acquiring an additional 449 shares during the period. Finally, First American Bank lifted its holdings in shares of NextEra Energy by 16.4% during the 3rd quarter. First American Bank now owns 5,777 shares of the utilities provider’s stock worth $488,000 after acquiring an additional 812 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NEE shares. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Price Performance

NEE stock opened at $70.72 on Tuesday. The firm has a 50 day moving average of $70.48 and a 200-day moving average of $76.50. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market cap of $145.48 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 2.45 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.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced 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 is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

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.