Winthrop Advisory Group LLC Acquires Shares of 3,033 NextEra Energy, Inc. (NYSE:NEE)

Winthrop Advisory Group LLC bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,033 shares of the utilities provider’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB increased its holdings in NextEra Energy by 20.9% in 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. Border to Coast Pensions Partnership Ltd boosted its stake in NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after acquiring an additional 26,270 shares during the period. Swiss National Bank boosted its stake in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after acquiring an additional 21,400 shares during the period. Dillon & Associates Inc. boosted its stake in NextEra Energy by 16.0% in the third quarter. Dillon & Associates Inc. now owns 59,320 shares of the utilities provider’s stock valued at $5,042,000 after acquiring an additional 8,184 shares during the period. Finally, HITE Hedge Asset Management LLC acquired a new position in NextEra Energy in the third quarter valued at approximately $25,801,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE traded down $1.22 during trading hours on Monday, hitting $66.16. 2,698,220 shares of the company were exchanged, compared to its average volume of 7,464,431. The company has a market capitalization of $136.05 billion, a PE ratio of 19.57, a PEG ratio of 2.66 and a beta of 0.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a fifty day simple moving average of $74.23 and a 200-day simple moving average of $77.32. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.94 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NEE shares. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Barclays lifted their target price 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. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus price target 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.