Cambridge Trust Co. Has $32.43 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Cambridge Trust Co. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,880 shares of the utilities provider’s stock after buying an additional 48,523 shares during the quarter. NextEra Energy makes up about 1.4% of Cambridge Trust Co.’s investment portfolio, making the stock its 21st largest position. Cambridge Trust Co.’s holdings in NextEra Energy were worth $32,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Wimmer Associates 1 LLC increased its stake in NextEra Energy by 3.6% during the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 135 shares during the period. Kolinsky Wealth Management LLC increased its stake in NextEra Energy by 2.1% during the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after acquiring an additional 139 shares during the period. Baldwin Investment Management LLC increased its stake in NextEra Energy by 0.4% during the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after acquiring an additional 150 shares during the period. Greenfield Savings Bank increased its stake in NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after acquiring an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC increased its stake in NextEra Energy by 1.7% during the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NEE shares. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. BMO Capital Markets cut their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday. Mizuho reissued a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Barclays started coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Finally, Guggenheim lifted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Stock Up 0.5 %

NextEra Energy stock traded up $0.31 during midday trading on Thursday, reaching $64.10. The stock had a trading volume of 5,847,737 shares, compared to its average volume of 11,791,831. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The company has a market capitalization of $131.56 billion, a P/E ratio of 17.72, a PEG ratio of 2.22 and a beta of 0.51. The company has a fifty day moving average price of $59.58 and a two-hundred day moving average price of $58.39. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company posted $0.51 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.21%. 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 payout ratio is presently 57.06%.

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.