Birch Hill Investment Advisors LLC Has $5.35 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Birch Hill Investment Advisors LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 75,405 shares of the utilities provider’s stock after acquiring an additional 1,329 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in NextEra Energy were worth $5,345,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NEE. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy during the fourth quarter worth about $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $36,000. Midwest Capital Advisors LLC bought a new position in NextEra Energy during the fourth quarter worth $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy in the 4th quarter valued at about $45,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.3%

NYSE NEE opened at $73.80 on Tuesday. The stock has a 50 day moving average price of $69.19 and a 200-day moving average price of $70.37. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a market capitalization of $151.93 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.07%. NextEra Energy’s dividend payout ratio is presently 84.64%.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NEE shares. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. BMO Capital Markets cut their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

NextEra Energy Company 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.