NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Essex Savings Bank

Essex Savings Bank lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 27.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,568 shares of the utilities provider’s stock after purchasing an additional 2,894 shares during the period. Essex Savings Bank’s holdings in NextEra Energy were worth $1,147,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Legal & General Group Plc lifted its position in shares of NextEra Energy by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after buying an additional 143,748 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in NextEra Energy by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after purchasing an additional 691,341 shares during the last quarter. Raymond James & Associates lifted its position in NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after purchasing an additional 851,873 shares during the last quarter. Principal Financial Group Inc. lifted its position in NextEra Energy by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after purchasing an additional 409,708 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in NextEra Energy by 6.9% in the 2nd quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock valued at $423,568,000 after purchasing an additional 388,149 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

Shares of NEE opened at $76.97 on Friday. The firm’s 50 day moving average is $82.05 and its 200-day moving average is $77.11. The stock has a market capitalization of $158.28 billion, a P/E ratio of 22.77, a P/E/G ratio of 2.69 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

NextEra Energy 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.