Farmers & Merchants Investments Inc. Boosts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Farmers & Merchants Investments Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 124.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,550 shares of the utilities provider’s stock after acquiring an additional 27,427 shares during the period. Farmers & Merchants Investments Inc.’s holdings in NextEra Energy were worth $3,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wimmer Associates 1 LLC grew its holdings in shares of NextEra Energy by 3.6% in the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 135 shares in the last quarter. Kolinsky Wealth Management LLC grew its holdings in shares of NextEra Energy by 2.1% in the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after purchasing an additional 139 shares in the last quarter. Baldwin Investment Management LLC grew its holdings in NextEra Energy by 0.4% during the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after acquiring an additional 150 shares in the last quarter. Greenfield Savings Bank grew its holdings in NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after acquiring an additional 163 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC grew its holdings in NextEra Energy by 1.7% during the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NEE. Wells Fargo & Company boosted their price target 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 downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Citigroup began coverage on shares of NextEra Energy in a research report on Friday, December 8th. They set a “buy” rating and a $69.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, Mizuho restated a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $72.46.

Read Our Latest Report on NextEra Energy

NextEra Energy Stock Down 0.8 %

NEE stock opened at $62.88 on Wednesday. The company has a fifty day moving average price of $58.33 and a 200 day moving average price of $58.42. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The company has a market cap of $129.06 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 2.25 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter in the prior year, the firm earned $0.51 EPS. Sell-side analysts expect that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.28%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is presently 57.06%.

NextEra Energy Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEFree Report).

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.