Whittier Trust Co. of Nevada Inc. Purchases 2,498 Shares of NextEra Energy, Inc. $NEE

Whittier Trust Co. of Nevada Inc. boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 103,940 shares of the utilities provider’s stock after acquiring an additional 2,498 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in NextEra Energy were worth $7,215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. GQG Partners LLC raised its stake in NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after acquiring an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. raised its stake in NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. Amundi raised its stake in NextEra Energy by 27.8% in the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after acquiring an additional 2,657,438 shares during the period. Vanguard Group Inc. raised its stake in NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Finally, Boston Partners raised its stake in NextEra Energy by 55.3% in the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock valued at $374,639,000 after acquiring an additional 1,886,999 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NEE shares. Mizuho set a $78.00 price target on NextEra Energy in a research report on Thursday, August 21st. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Jefferies Financial Group reiterated a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Finally, Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.40.

NextEra Energy Stock Up 0.3%

Shares of NYSE NEE opened at $84.80 on Tuesday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $174.63 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.85 and a beta of 0.66. The business has a 50-day moving average of $75.78 and a 200-day moving average of $72.36.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. NextEra Energy’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 79.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,528 shares of company stock worth $2,277,773 over the last three months. Company insiders own 0.20% of the company’s stock.

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.