Cambridge Trust Co. Buys 48,523 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cambridge Trust Co. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F 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 period. NextEra Energy accounts for 1.4% of Cambridge Trust Co.’s 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).

A number of other institutional investors also recently bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $29,000. Alaska Permanent Fund Corp lifted its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 208 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new position in NextEra Energy in the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy in the 4th quarter worth approximately $34,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Barclays assumed coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.31 during mid-day trading on Thursday, reaching $64.10. 5,847,737 shares of the company’s stock traded hands, 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 firm has a 50 day moving average price of $59.58 and a two-hundred day moving average price of $58.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The firm has a market capitalization of $131.56 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.22 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.21%. 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.