Amica Retiree Medical Trust Reduces Position in NextEra Energy, Inc. (NYSE:NEE)

Amica Retiree Medical Trust trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,240 shares of the utilities provider’s stock after selling 889 shares during the quarter. Amica Retiree Medical Trust’s holdings in NextEra Energy were worth $734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NEE. Howard Capital Management Group LLC grew its holdings in shares of NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after purchasing an additional 5,409 shares during the period. Quest Partners LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $183,000. Harvest Fund Management Co. Ltd raised its position in shares of NextEra Energy by 2,482.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock valued at $50,000 after buying an additional 571 shares during the period. Loomis Sayles & Co. L P lifted its holdings in NextEra Energy by 7.8% in the third quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock valued at $233,000 after acquiring an additional 199 shares during the last quarter. Finally, Baldwin Investment Management LLC increased its stake in NextEra Energy by 0.9% during the third quarter. Baldwin Investment Management LLC now owns 35,357 shares of the utilities provider’s stock worth $2,989,000 after acquiring an additional 317 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $69.66 on Thursday. The business has a 50-day simple moving average of $70.70 and a 200-day simple moving average of $75.30. The company has a market cap of $143.28 billion, a PE ratio of 20.67, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $61.31 and a one year high of $86.10. 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 (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.25%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s payout ratio is 67.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NEE shares. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI lowered their price target on 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. Eight 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 has an average rating of “Hold” and an average price target of $85.92.

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.