NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Trimmed by Private Trust Co. NA

Private Trust Co. NA lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,707 shares of the utilities provider’s stock after selling 696 shares during the period. Private Trust Co. NA’s holdings in NextEra Energy were worth $3,610,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NEE. Border to Coast Pensions Partnership Ltd raised its stake in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after acquiring an additional 26,270 shares during the period. Swiss National Bank raised its position in shares of NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares during the period. Ancora Advisors LLC lifted its holdings in shares of NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after purchasing an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC lifted its holdings in shares of NextEra Energy by 1,224.3% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares during the last quarter. Finally, Raymond James & Associates boosted its position in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group started coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $86.85.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $76.71 on Monday. The stock’s fifty day simple moving average is $80.90 and its 200 day simple moving average is $77.75. The stock has a market capitalization of $157.75 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.75 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.69%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.