Penobscot Investment Management Company Inc. Sells 784 Shares of NextEra Energy, Inc. (NYSE:NEE)

Penobscot Investment Management Company Inc. lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,015 shares of the utilities provider’s stock after selling 784 shares during the quarter. NextEra Energy comprises 1.5% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 13th biggest holding. Penobscot Investment Management Company Inc.’s holdings in NextEra Energy were worth $16,848,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its position in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Empower Advisory Group LLC increased its holdings in shares of NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after buying an additional 41,328 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of NextEra Energy by 20.9% in 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 last quarter. Czech National Bank lifted its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after acquiring an additional 27,340 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of NextEra Energy by 5.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock worth $12,312,000 after purchasing an additional 9,425 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction 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 directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $68.70 on Wednesday. The firm has a market cap of $141.32 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $61.30 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $70.70 and its 200 day moving average is $75.34.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.30%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is presently 67.06%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI dropped their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Morgan Stanley increased their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $85.92.

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.