Hemenway Trust Co LLC Has $5.43 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Hemenway Trust Co LLC lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 22.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,005 shares of the utilities provider’s stock after purchasing an additional 15,729 shares during the quarter. Hemenway Trust Co LLC’s holdings in NextEra Energy were worth $5,433,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in NextEra Energy during the fourth quarter worth $2,561,055,000. State of Michigan Retirement System grew its holdings in NextEra Energy by 400.7% during the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after buying an additional 2,250,500 shares in the last quarter. International Assets Investment Management LLC grew its holdings in 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 buying an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares in the last quarter. Finally, Capital World Investors bought a new stake in NextEra Energy during the fourth quarter worth $114,953,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NEE shares. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. BMO Capital Markets upped their price objective on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Evercore ISI upped their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Barclays reduced their price objective on NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

NextEra Energy Price Performance

NYSE NEE traded up $1.80 during trading hours on Thursday, hitting $74.70. The company had a trading volume of 12,188,746 shares, compared to its average volume of 11,745,697. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The firm has a 50 day simple moving average of $74.15 and a 200 day simple moving average of $65.16. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The firm has a market capitalization of $153.47 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.47 and a beta of 0.54.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.76%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.