First National Trust Co. boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,416 shares of the utilities provider’s stock after buying an additional 1,909 shares during the period. First National Trust Co.’s holdings in NextEra Energy were worth $4,290,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in NEE. Norges Bank purchased a new position in NextEra Energy during the fourth quarter valued at $678,763,000. APG Asset Management N.V. increased its position in NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock valued at $253,090,000 after buying an additional 844,862 shares in the last quarter. Swiss National Bank increased its position in NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock valued at $237,642,000 after buying an additional 382,800 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in NextEra Energy by 8.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,792,255 shares of the utilities provider’s stock valued at $230,072,000 after buying an additional 132,688 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in NextEra Energy by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 1,738,140 shares of the utilities provider’s stock valued at $207,638,000 after buying an additional 23,628 shares in the last quarter. 77.87% of the stock is owned by institutional investors.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 140.75 on Wednesday. The company’s 50-day moving average price is $140.27 and its 200 day moving average price is $129.94. The stock has a market cap of $65.89 billion, a PE ratio of 17.12 and a beta of 0.31. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $144.87.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter last year, the firm earned $1.55 EPS. NextEra Energy’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post $6.70 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were paid a dividend of $0.9825 per share. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $3.93 dividend on an annualized basis and a yield of 2.79%. NextEra Energy’s dividend payout ratio (DPR) is presently 47.87%.
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A number of equities analysts have recently commented on the company. Deutsche Bank AG boosted their price objective on NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Royal Bank Of Canada reissued a “buy” rating and set a $144.00 price objective on shares of NextEra Energy in a research report on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and set a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $147.44.
In other NextEra Energy news, EVP Joseph T. Kelliher sold 8,068 shares of the stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $130.67, for a total transaction of $1,054,245.56. Following the transaction, the executive vice president now owns 38,634 shares of the company’s stock, valued at approximately $5,048,304.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the transaction, the chief executive officer now directly owns 79,586 shares in the company, valued at approximately $10,593,692.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,179 shares of company stock valued at $10,091,188. 0.53% of the stock is owned by insiders.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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