Penobscot Investment Management Company Inc. Sells 4,976 Shares of NextEra Energy, Inc. (NYSE:NEE)

Penobscot Investment Management Company Inc. reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the 4th quarter, HoldingsChannel reports. The firm owned 199,399 shares of the utilities provider’s stock after selling 4,976 shares during the period. NextEra Energy comprises about 1.4% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 17th largest holding. Penobscot Investment Management Company Inc.’s holdings in NextEra Energy were worth $12,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of NextEra Energy by 2.0% in the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after buying an additional 455,271 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock worth $593,106,000 after buying an additional 148,674 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of NextEra Energy by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after acquiring an additional 209,584 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Down 0.2 %

Shares of NEE stock traded down $0.13 on Tuesday, hitting $67.29. The stock had a trading volume of 3,023,217 shares, compared to its average volume of 11,777,705. The firm has a market capitalization of $138.25 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.43 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The company’s 50 day moving average price is $61.05 and its 200-day moving average price is $59.25. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NEE shares. Barclays started coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target on the stock. Scotiabank upped their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Guggenheim increased their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Mizuho boosted their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

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.