Baldwin Brothers Inc. MA Has $13.72 Million Holdings in NextEra Energy Inc (NYSE:NEE)

Baldwin Brothers Inc. MA increased its stake in NextEra Energy Inc (NYSE:NEE) by 0.5% in the third quarter, Holdings Channel.com reports. The firm owned 58,878 shares of the utilities provider’s stock after purchasing an additional 318 shares during the quarter. NextEra Energy makes up approximately 2.1% of Baldwin Brothers Inc. MA’s investment portfolio, making the stock its 14th largest position. Baldwin Brothers Inc. MA’s holdings in NextEra Energy were worth $13,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Bedel Financial Consulting Inc. lifted its position in NextEra Energy by 1.4% during the 3rd quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock worth $795,000 after buying an additional 47 shares in the last quarter. Meridian Financial Partners LLC lifted its position in NextEra Energy by 1.8% during the 2nd quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock worth $588,000 after buying an additional 49 shares in the last quarter. Grove Bank & Trust lifted its position in NextEra Energy by 1.0% during the 2nd quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock worth $1,015,000 after buying an additional 49 shares in the last quarter. Bogart Wealth LLC lifted its position in NextEra Energy by 1.4% during the 2nd quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock worth $824,000 after buying an additional 54 shares in the last quarter. Finally, Ullmann Financial Group Inc. raised its holdings in shares of NextEra Energy by 2.7% in the 2nd quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 57 shares during the period. 76.09% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Guggenheim upped their target price on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Co set a $240.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a report on Tuesday, September 3rd. Bank of America upped their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. ValuEngine cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley set a $233.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $219.85.

Shares of NEE stock traded down $1.39 on Thursday, reaching $231.97. The stock had a trading volume of 89,250 shares, compared to its average volume of 2,128,435. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average is $224.57 and its two-hundred day moving average is $207.26. The firm has a market capitalization of $111.42 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 3.47 and a beta of 0.18. NextEra Energy Inc has a 12 month low of $164.78 and a 12 month high of $234.27.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The business’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.08 EPS. On average, sell-side analysts forecast that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 29th were issued a $1.25 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.16%. NextEra Energy’s dividend payout ratio is currently 64.94%.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total value of $370,112.00. Following the transaction, the director now directly owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,576 shares of company stock worth $21,514,886. Insiders own 0.48% of the company’s stock.

About NextEra Energy

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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