Massmutual Trust Co. FSB ADV Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Massmutual Trust Co. FSB ADV lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 256,994 shares of the utilities provider’s stock after buying an additional 9,530 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in NextEra Energy were worth $21,724,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NEE. Proffitt & Goodson Inc. boosted its position in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. boosted its position in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. American Capital Advisory LLC boosted its position in NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy in the second quarter worth $33,000. Finally, Neo Ivy Capital Management purchased a new position in NextEra Energy in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Evercore ISI boosted their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Scotiabank boosted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets boosted their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.07.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $85.43 on Thursday. The firm has a market capitalization of $175.52 billion, a P/E ratio of 23.28, a P/E/G ratio of 3.08 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock’s 50-day simple moving average is $80.32 and its two-hundred day simple moving average is $73.83. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $85.75.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the company earned $0.88 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

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.