Boston Family Office LLC Has $7.27 Million Position in NextEra Energy Inc (NYSE:NEE)

Boston Family Office LLC boosted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,551 shares of the utilities provider’s stock after buying an additional 2,105 shares during the quarter. Boston Family Office LLC’s holdings in NextEra Energy were worth $7,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Risk Paradigm Group LLC grew its stake in NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 442 shares during the period. Archford Capital Strategies LLC boosted its stake in NextEra Energy by 76.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares during the last quarter. Cerebellum GP LLC acquired a new stake in NextEra Energy during the 4th quarter worth $128,000. Horan Capital Advisors LLC. acquired a new stake in NextEra Energy during the 3rd quarter worth $134,000. Finally, Fieldpoint Private Securities LLC boosted its stake in NextEra Energy by 84.0% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 420 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Shares of NextEra Energy Inc (NEE) opened at $156.05 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. NextEra Energy Inc has a 52 week low of $125.96 and a 52 week high of $159.64. The firm has a market capitalization of $73,410.00, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 2.55 and a beta of 0.28.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The firm had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the firm posted $1.21 EPS. NextEra Energy’s quarterly revenue was up 8.4% compared to the same quarter last year. equities research analysts expect that NextEra Energy Inc will post 7.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be paid a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 2.85%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio is 34.60%.

NEE has been the topic of several recent research reports. Argus reaffirmed a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Bank of America assumed coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price objective on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Tuesday, December 12th. Finally, Guggenheim reiterated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $161.38.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

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NextEra Energy Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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

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