Field & Main Bank Buys 1,240 Shares of NextEra Energy, Inc. (NYSE:NEE)

Field & Main Bank lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,870 shares of the utilities provider’s stock after acquiring an additional 1,240 shares during the period. Field & Main Bank’s holdings in NextEra Energy were worth $1,389,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NEE. My Legacy Advisors LLC increased its position in shares of NextEra Energy by 4.7% during the third quarter. My Legacy Advisors LLC now owns 11,738 shares of the utilities provider’s stock worth $615,000 after acquiring an additional 524 shares in the last quarter. Brookstone Capital Management boosted its holdings in NextEra Energy by 155.3% during the third quarter. Brookstone Capital Management now owns 57,688 shares of the utilities provider’s stock worth $3,022,000 after purchasing an additional 35,088 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in NextEra Energy by 1,163.9% during the third quarter. Copeland Capital Management LLC now owns 190,793 shares of the utilities provider’s stock worth $10,931,000 after purchasing an additional 175,698 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in NextEra Energy by 12.5% during the third quarter. ST Germain D J Co. Inc. now owns 103,126 shares of the utilities provider’s stock worth $5,908,000 after purchasing an additional 11,499 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in NextEra Energy by 4.0% during the third quarter. Commonwealth Equity Services LLC now owns 2,808,857 shares of the utilities provider’s stock worth $160,919,000 after purchasing an additional 107,794 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE traded up $1.43 during mid-day trading on Monday, reaching $67.42. 9,713,221 shares of the company’s stock were exchanged, compared to its average volume of 11,887,858. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The firm has a market capitalization of $138.52 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. The business’s fifty day simple moving average is $61.05 and its two-hundred day simple moving average is $59.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the firm earned $0.84 earnings per share. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

NEE has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets increased their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley increased their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $71.50.

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.