Rock Point Advisors LLC Purchases 62,192 Shares of NextEra Energy, Inc. $NEE

Rock Point Advisors LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 105.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,447 shares of the utilities provider’s stock after purchasing an additional 62,192 shares during the quarter. NextEra Energy comprises approximately 2.4% of Rock Point Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Rock Point Advisors LLC’s holdings in NextEra Energy were worth $9,168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in NextEra Energy by 0.4% during the third quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock worth $16,139,726,000 after buying an additional 922,500 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after purchasing an additional 526,996 shares in the last quarter. Norges Bank purchased a new position in NextEra Energy during the second quarter worth about $2,375,545,000. Charles Schwab Investment Management Inc. boosted its holdings in NextEra Energy by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after purchasing an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc grew its position in NextEra Energy by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after purchasing an additional 408,198 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $92.50 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $86.59 and a two-hundred day simple moving average of $82.04. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The firm has a market cap of $192.73 billion, a price-to-earnings ratio of 28.12 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is currently 75.68%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent analyst reports. BMO Capital Markets set a $95.00 target price on shares of NextEra Energy in a research report on Thursday, January 29th. Argus set a $92.00 price target on NextEra Energy and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group upped their price objective on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, BTIG Research reiterated a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.47.

Insider Buying and Selling

In related news, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at approximately $867,870. This trade represents a 65.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. The trade was a 24.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 159,049 shares of company stock valued at $14,194,542. Company insiders own 0.18% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.