NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,011 shares of the utilities provider’s stock after purchasing an additional 14,549 shares during the quarter. Amica Mutual Insurance Co.’s holdings in NextEra Energy were worth $7,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $29,000. Alaska Permanent Fund Corp grew its position in 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 acquiring an additional 208 shares during the period. Stuart Chaussee & Associates Inc. increased its stake in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth about $34,000. Finally, Rakuten Securities Inc. acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. Mizuho increased their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Barclays started coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Bank of America increased their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Stock Up 2.2 %

Shares of NEE traded up $1.43 during trading on Monday, reaching $67.42. The company’s stock had a trading volume of 9,713,221 shares, compared to its average volume of 11,887,858. The company has a market cap of $138.52 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.43 and a beta of 0.51. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average of $61.05 and a two-hundred day moving average of $59.25. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.06%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

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.