NextEra Energy, Inc. (NYSE:NEE) is Somerset Trust Co’s 7th Largest Position

Somerset Trust Co raised its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,460 shares of the utilities provider’s stock after buying an additional 2,114 shares during the period. NextEra Energy comprises about 2.1% of Somerset Trust Co’s investment portfolio, making the stock its 7th biggest holding. Somerset Trust Co’s holdings in NextEra Energy were worth $5,270,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Greenfield Savings Bank increased its position in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC increased its position in NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 172 shares during the last quarter. MKT Advisors LLC increased its position in NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 173 shares during the last quarter. First Pacific Financial boosted its stake in NextEra Energy by 2.0% during the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after buying an additional 177 shares during the period. Finally, Diversified LLC boosted its stake in NextEra Energy by 2.3% during the fourth quarter. Diversified LLC now owns 7,851 shares of the utilities provider’s stock worth $477,000 after buying an additional 177 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Evercore ISI lifted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

Read Our Latest Report on NEE

NextEra Energy Stock Down 2.6 %

Shares of NEE stock traded down $1.87 on Wednesday, hitting $70.44. The stock had a trading volume of 29,169,776 shares, compared to its average volume of 10,573,703. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $71.79 and a 200 day moving average price of $63.80. The company has a market cap of $144.72 billion, a PE ratio of 19.19, a P/E/G ratio of 2.47 and a beta of 0.56. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.92%. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.

See Also

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

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