Greenfield Savings Bank Has $2.12 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Greenfield Savings Bank grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,158 shares of the utilities provider’s stock after purchasing an additional 938 shares during the quarter. NextEra Energy makes up approximately 1.1% of Greenfield Savings Bank’s investment portfolio, making the stock its 26th largest holding. Greenfield Savings Bank’s holdings in NextEra Energy were worth $2,119,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NEE. Clear Investment Research LLC raised its holdings in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy in the fourth quarter valued at about $29,000. Stuart Chaussee & Associates Inc. raised its stake in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter worth about $34,000. Finally, Rakuten Securities Inc. bought a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

NextEra Energy stock traded up $0.35 during midday trading on Friday, reaching $72.81. The stock had a trading volume of 18,902,078 shares, compared to its average volume of 11,924,209. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.47. The company has a fifty day moving average price of $72.29 and a two-hundred day moving average price of $64.00. The company has a market capitalization of $149.59 billion, a P/E ratio of 19.84, a PEG ratio of 2.58 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.83%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NEE shares. Scotiabank boosted their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Evercore ISI upped 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. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets increased their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.50.

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.