Berkshire Bank Has $3.38 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Berkshire Bank lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 45,532 shares of the utilities provider’s stock after buying an additional 455 shares during the quarter. NextEra Energy comprises about 0.9% of Berkshire Bank’s investment portfolio, making the stock its 28th biggest position. Berkshire Bank’s holdings in NextEra Energy were worth $3,378,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NEE. Norges Bank acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $2,774,845,000. Moneta Group Investment Advisors LLC raised its stake in NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after purchasing an additional 30,218,452 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in NextEra Energy in the 1st quarter worth about $322,214,000. Sarasin & Partners LLP raised its stake in NextEra Energy by 23,938.9% in the 1st quarter. Sarasin & Partners LLP now owns 3,646,697 shares of the utilities provider’s stock worth $315,111,000 after purchasing an additional 3,631,527 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in NextEra Energy in the 1st quarter worth about $166,747,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NEE. The Goldman Sachs Group began coverage on shares of NextEra Energy in a research note on Wednesday, June 7th. They issued a “buy” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, August 30th. StockNews.com began coverage on shares of NextEra Energy in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada decreased their target price on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. Finally, Morgan Stanley decreased their target price on shares of NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.90.

Insider Buying and Selling

In other NextEra Energy news, Director Kirk S. Hachigian bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $67.95 per share, for a total transaction of $679,500.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $1,019,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director James Lawrence Camaren purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $67.85 per share, for a total transaction of $271,400.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at $542,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $1,019,250. The disclosure for this purchase can be found here. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 0.6 %

Shares of NextEra Energy stock opened at $68.24 on Tuesday. The firm has a market capitalization of $138.10 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $69.78 and its 200 day moving average is $73.42. NextEra Energy, Inc. has a 1 year low of $65.36 and a 1 year high of $88.61.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the firm posted $0.81 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.12 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, August 30th were given a dividend of $0.4675 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.87 annualized dividend and a yield of 2.74%. NextEra Energy’s dividend payout ratio is presently 46.29%.

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, coal, and natural gas facilities. 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.