First Business Financial Services Inc. Has $1.77 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

First Business Financial Services Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,674 shares of the utilities provider’s stock after purchasing an additional 367 shares during the quarter. First Business Financial Services Inc.’s holdings in NextEra Energy were worth $1,769,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NEE. Geode Capital Management LLC lifted its stake in shares of NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after purchasing an additional 820,704 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after purchasing an additional 588,038 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of NextEra Energy by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock valued at $977,191,000 after purchasing an additional 345,999 shares during the period. Nordea Investment Management AB lifted its stake in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after purchasing an additional 452,590 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on NEE. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI dropped their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

NEE stock opened at $70.51 on Thursday. The stock has a 50-day moving average price of $70.33 and a two-hundred day moving average price of $76.16. The stock has a market cap of $145.03 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1 year low of $55.26 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts forecast 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 will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.21%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

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,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.