Spinnaker Trust Purchases 18,806 Shares of NextEra Energy, Inc. (NYSE:NEE)

Spinnaker Trust raised its position in NextEra Energy, Inc. (NYSE:NEE) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,694 shares of the utilities provider’s stock after acquiring an additional 18,806 shares during the quarter. Spinnaker Trust’s holdings in NextEra Energy were worth $7,392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mizuho Markets Americas LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth about $141,817,000. Nordea Investment Management AB lifted its position in NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after acquiring an additional 2,146,625 shares during the period. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in NextEra Energy during the 4th quarter worth approximately $94,883,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.89 on Friday, hitting $66.01. 9,982,530 shares of the company’s stock were exchanged, compared to its average volume of 11,912,114. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The company has a 50 day moving average of $60.85 and a 200 day moving average of $59.06. The stock has a market cap of $135.62 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.51.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. NextEra Energy’s dividend payout ratio is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research reports. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. Barclays started coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. Bank of America boosted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday. Scotiabank raised their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday. Finally, Guggenheim lifted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

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.