NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by First National Trust Co

by · The Markets Daily

First National Trust Co boosted its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,289 shares of the utilities provider’s stock after acquiring an additional 2,385 shares during the period. First National Trust Co’s holdings in NextEra Energy were worth $17,370,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Amundi boosted its holdings in NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after purchasing an additional 3,172,405 shares in the last quarter. Nordea Investment Management AB boosted its holdings in 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 in the last quarter. National Bank of Canada FI boosted its holdings in NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in NextEra Energy by 13,375.2% in the 4th quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock valued at $67,835,000 after purchasing an additional 939,209 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $65,657,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NEE shares. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Evercore ISI decreased their price target 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. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average target price of $85.92.

Get Our Latest Stock Report on NextEra Energy

NextEra Energy Trading Down 0.3 %

Shares of NEE opened at $72.70 on Friday. The stock has a fifty day moving average of $70.48 and a two-hundred day moving average of $75.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $149.55 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $58.88 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE – Get Free Report) last issued its quarterly earnings results 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%. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company 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 dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction 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 $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Profile

(Free Report)

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.

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