HUB Investment Partners LLC Has $9.05 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

HUB Investment Partners LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,244 shares of the utilities provider’s stock after purchasing an additional 9,197 shares during the period. HUB Investment Partners LLC’s holdings in NextEra Energy were worth $9,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. raised its holdings in shares of NextEra Energy by 212.0% in the 4th quarter. Whittier Trust Co. now owns 197,674 shares of the utilities provider’s stock worth $14,171,000 after acquiring an additional 134,318 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NextEra Energy by 0.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,480,505 shares of the utilities provider’s stock worth $249,517,000 after acquiring an additional 20,722 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $1,377,000. Sandy Spring Bank raised its holdings in shares of NextEra Energy by 3.3% in the 4th quarter. Sandy Spring Bank now owns 193,331 shares of the utilities provider’s stock worth $13,860,000 after acquiring an additional 6,245 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of NextEra Energy by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 814,794 shares of the utilities provider’s stock worth $58,413,000 after acquiring an additional 16,037 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.92.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.47 on Thursday. The company has a market cap of $144.96 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.45 and a beta of 0.58. The firm’s fifty day moving average is $70.54 and its 200 day moving average is $75.66. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52-week low of $61.29 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. NextEra Energy’s dividend payout ratio is presently 67.06%.

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,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.