Whipplewood Advisors LLC Takes $125,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Whipplewood Advisors LLC acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,748 shares of the utilities provider’s stock, valued at approximately $125,000.

Several other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after purchasing an additional 820,704 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after purchasing an additional 588,038 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after purchasing an additional 86,758 shares during the last quarter. Nordea Investment Management AB lifted its stake in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after purchasing an additional 452,590 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Down 2.1 %

Shares of NEE opened at $69.52 on Friday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm’s 50 day moving average is $70.47 and its 200-day moving average is $76.37. The stock has a market capitalization of $143.00 billion, a PE ratio of 20.63, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.26%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

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.