NextEra Energy Inc (NEE) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lowered its stake in NextEra Energy Inc (NYSE:NEE) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,339 shares of the utilities provider’s stock after selling 792 shares during the period. Trust Co. of Vermont’s holdings in NextEra Energy were worth $10,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its holdings in shares of NextEra Energy by 323.5% during the third quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 495 shares during the last quarter. Braun Bostich & Associates Inc. raised its holdings in shares of NextEra Energy by 492.5% during the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock worth $144,000 after purchasing an additional 719 shares during the last quarter. Howe & Rusling Inc. raised its holdings in shares of NextEra Energy by 70.5% during the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 373 shares during the last quarter. Marshall & Sullivan Inc. WA purchased a new position in shares of NextEra Energy during the second quarter worth $167,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of NextEra Energy during the third quarter worth $168,000. 76.47% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Armando Pimentel, Jr. sold 10,734 shares of NextEra Energy stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $170.98, for a total value of $1,835,299.32. Following the sale, the chief executive officer now owns 64,169 shares in the company, valued at $10,971,615.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric E. Silagy sold 17,000 shares of NextEra Energy stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the completion of the sale, the chief executive officer now owns 42,898 shares in the company, valued at approximately $7,374,595.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,024 shares of company stock worth $12,742,375. Company insiders own 0.55% of the company’s stock.



Several research analysts recently issued reports on NEE shares. Wells Fargo & Co raised their target price on shares of NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, October 10th. ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Mizuho assumed coverage on shares of NextEra Energy in a report on Monday, August 13th. They issued a “buy” rating and a $184.00 price objective for the company. Credit Suisse Group cut their price objective on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, KeyCorp lifted their price objective on shares of NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a report on Thursday, July 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $171.00.

NEE opened at $169.89 on Friday. NextEra Energy Inc has a fifty-two week low of $145.10 and a fifty-two week high of $176.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.46. The firm has a market capitalization of $82.78 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.66 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the previous year, the company earned $1.85 earnings per share. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. As a group, equities analysts anticipate that NextEra Energy Inc will post 7.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be given a $1.11 dividend. The ex-dividend date is Thursday, November 29th. This represents a $4.44 annualized dividend and a dividend yield of 2.61%. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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