Cambridge Trust Co. Acquires 61,241 Shares of NextEra Energy Inc (NEE)

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Cambridge Trust Co. raised its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 58.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,926 shares of the utilities provider’s stock after purchasing an additional 61,241 shares during the quarter. NextEra Energy makes up approximately 2.0% of Cambridge Trust Co.’s portfolio, making the stock its 12th largest holding. Cambridge Trust Co.’s holdings in NextEra Energy were worth $28,842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Bank of New York Mellon Corp grew its position in NextEra Energy by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock worth $698,348,000 after purchasing an additional 455,401 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of NextEra Energy by 59.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 7,447 shares of the utilities provider’s stock valued at $1,248,000 after purchasing an additional 2,778 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of NextEra Energy by 23.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 116,588 shares of the utilities provider’s stock valued at $19,538,000 after purchasing an additional 22,403 shares during the last quarter. Coastline Trust Co lifted its stake in shares of NextEra Energy by 12.5% in the 3rd quarter. Coastline Trust Co now owns 19,730 shares of the utilities provider’s stock valued at $3,307,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC lifted its stake in shares of NextEra Energy by 5.7% in the 3rd quarter. Osborn Williams & Donohoe LLC now owns 17,762 shares of the utilities provider’s stock valued at $2,977,000 after purchasing an additional 951 shares during the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on NEE. Morgan Stanley lifted their price objective on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday. Credit Suisse Group boosted their target price on shares of NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 12th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a research report on Monday, December 17th. Barclays boosted their target price on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. Finally, Argus boosted their target price on shares of NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $178.75.

NextEra Energy stock opened at $182.85 on Thursday. The firm has a market cap of $87.59 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.81 and a beta of 0.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.36 and a quick ratio of 0.29. NextEra Energy Inc has a fifty-two week low of $148.79 and a fifty-two week high of $184.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. Equities analysts forecast that NextEra Energy Inc will post 8.4 earnings per share for the current fiscal year.

In other news, CEO Armando Pimentel, Jr. sold 35,347 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $180.81, for a total transaction of $6,391,091.07. Following the completion of the transaction, the chief executive officer now owns 94,596 shares of the company’s stock, valued at $17,103,902.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total transaction of $272,368.00. Following the transaction, the director now directly owns 20,100 shares of the company’s stock, valued at approximately $3,421,623. The disclosure for this sale can be found here. Insiders have sold 74,678 shares of company stock valued at $13,469,072 in the last ninety days. 0.55% of the stock is owned by company insiders.

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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, 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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