Enterprise Bank & Trust Co Purchases 1,239 Shares of NextEra Energy, Inc. (NYSE:NEE)

Enterprise Bank & Trust Co lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,511 shares of the utilities provider’s stock after acquiring an additional 1,239 shares during the quarter. Enterprise Bank & Trust Co’s holdings in NextEra Energy were worth $1,686,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC raised its holdings in NextEra Energy by 28.9% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,179 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 6,100 shares during the last quarter. Cooper Financial Group grew its holdings in shares of NextEra Energy by 1.0% during the 4th quarter. Cooper Financial Group now owns 16,196 shares of the utilities provider’s stock worth $1,161,000 after acquiring an additional 158 shares during the period. Wedmont Private Capital raised its position in shares of NextEra Energy by 3.0% in the 4th quarter. Wedmont Private Capital now owns 15,159 shares of the utilities provider’s stock worth $1,021,000 after acquiring an additional 437 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in NextEra Energy by 1.9% during the fourth quarter. Salem Investment Counselors Inc. now owns 67,838 shares of the utilities provider’s stock valued at $4,863,000 after buying an additional 1,263 shares during the period. Finally, Compton Wealth Advisory Group LLC lifted its position in NextEra Energy by 17.4% during the 4th quarter. Compton Wealth Advisory Group LLC now owns 9,100 shares of the utilities provider’s stock valued at $652,000 after acquiring an additional 1,350 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NEE stock traded down $0.40 during mid-day trading on Monday, hitting $66.98. The company had a trading volume of 10,691,612 shares, compared to its average volume of 8,645,325. The company has a 50-day moving average price of $74.23 and a 200 day moving average price of $77.32. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a market capitalization of $137.74 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. Barclays upped their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. BMO Capital Markets upped their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $87.15.

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.