Cambridge Trust Co. Sells 724 Shares of NextEra Energy Inc (NEE)

Cambridge Trust Co. decreased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 2.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,420 shares of the utilities provider’s stock after selling 724 shares during the period. Cambridge Trust Co.’s holdings in NextEra Energy were worth $4,752,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. increased its stake in NextEra Energy by 0.6% during the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after purchasing an additional 217,972 shares during the last quarter. Vanguard Group Inc. increased its stake in NextEra Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the last quarter. FMR LLC increased its stake in NextEra Energy by 1.1% during the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after purchasing an additional 87,224 shares during the last quarter. Geode Capital Management LLC increased its stake in NextEra Energy by 7.9% during the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after purchasing an additional 336,562 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in NextEra Energy by 1.6% during the second quarter. Legal & General Group Plc now owns 2,696,535 shares of the utilities provider’s stock valued at $377,898,000 after purchasing an additional 43,647 shares during the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

In related news, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock valued at $9,748,482 in the last quarter. 0.53% of the stock is currently owned by insiders.

Shares of NextEra Energy Inc (NYSE NEE) traded down $0.57 on Monday, reaching $157.47. 1,428,100 shares of the company were exchanged, compared to its average volume of 1,684,438. The company has a market cap of $74,073.52, a price-to-earnings ratio of 23.61, a PEG ratio of 3.14 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy Inc has a 12-month low of $113.18 and a 12-month high of $159.28.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. NextEra Energy’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 EPS. research analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.50%. NextEra Energy’s dividend payout ratio is presently 44.16%.

Several analysts have weighed in on NEE shares. BidaskClub upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Tuesday, October 10th. KeyCorp restated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, Bank of America initiated coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $155.38.

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NextEra Energy Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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