Cabot Wealth Management Inc. Purchases 422 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cabot Wealth Management Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 1st quarter, HoldingsChannel reports. The firm owned 26,510 shares of the utilities provider’s stock after buying an additional 422 shares during the period. Cabot Wealth Management Inc.’s holdings in NextEra Energy were worth $1,879,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock valued at $14,717,758,000 after purchasing an additional 2,090,538 shares during the last quarter. Norges Bank bought a new position in NextEra Energy during the 4th quarter valued at about $3,484,197,000. Geode Capital Management LLC lifted its holdings in NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock valued at $3,129,132,000 after purchasing an additional 1,359,268 shares during the last quarter. Northern Trust Corp lifted its holdings in NextEra Energy by 9.6% during the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after purchasing an additional 588,038 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Stock Up 0.1%

Shares of NYSE:NEE opened at $71.61 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a 50 day moving average of $69.57 and a 200-day moving average of $70.32. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market cap of $147.41 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the previous year, the company earned $0.91 EPS. NextEra Energy’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s dividend payout ratio is 84.64%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group cut their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Barclays lowered their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Guggenheim restated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.50.

NextEra Energy 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.