Fulton Breakefield Broenniman LLC Has $22.54 Million Stock Position in NextEra Energy, Inc. $NEE

Fulton Breakefield Broenniman LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 280,717 shares of the utilities provider’s stock after selling 7,431 shares during the quarter. NextEra Energy accounts for 1.4% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 19th largest holding. Fulton Breakefield Broenniman LLC’s holdings in NextEra Energy were worth $22,536,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in NextEra Energy by 0.4% during the third quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock valued at $16,139,726,000 after purchasing an additional 922,500 shares in the last quarter. Legal & General Group Plc boosted its holdings in NextEra Energy by 2.3% during the third quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider’s stock valued at $1,267,265,000 after purchasing an additional 373,088 shares in the last quarter. Amundi boosted its holdings in NextEra Energy by 16.7% during the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock valued at $1,012,129,000 after purchasing an additional 1,780,881 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in NextEra Energy by 1.9% during the third quarter. CIBC Private Wealth Group LLC now owns 7,585,666 shares of the utilities provider’s stock valued at $572,642,000 after purchasing an additional 141,081 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in NextEra Energy by 1.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,953,009 shares of the utilities provider’s stock valued at $373,903,000 after purchasing an additional 89,586 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.5%

Shares of NEE opened at $92.66 on Tuesday. The company has a market capitalization of $193.07 billion, a P/E ratio of 28.17 and a beta of 0.74. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.91. The business’s 50 day simple moving average is $91.50 and its 200-day simple moving average is $85.29.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the company posted $0.53 EPS. NextEra Energy’s revenue was up 20.7% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a $0.6232 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. This represents a $2.49 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 75.68%.

Insider Transactions at NextEra Energy

In related news, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the transaction, the treasurer owned 26,719 shares in the company, valued at $2,411,924.13. The trade was a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. This trade represents a 65.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 190,816 shares of company stock worth $17,075,619 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NEE. Jefferies Financial Group lifted their price objective on NextEra Energy from $87.00 to $92.00 and gave the company a “hold” rating in a report on Tuesday, March 31st. Mizuho set a $90.00 target price on NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Seaport Research Partners reduced their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Finally, Wells Fargo & Company boosted their target price on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.72.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.