NextEra Energy Inc (NYSE:NEE) is Pennsylvania Trust Co’s 8th Largest Position

Pennsylvania Trust Co grew its position in NextEra Energy Inc (NYSE:NEE) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 203,158 shares of the utilities provider’s stock after purchasing an additional 570 shares during the quarter. NextEra Energy makes up 1.9% of Pennsylvania Trust Co’s portfolio, making the stock its 8th biggest position. Pennsylvania Trust Co’s holdings in NextEra Energy were worth $47,334,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock worth $8,866,878,000 after purchasing an additional 573,923 shares during the last quarter. Northern Trust Corp lifted its stake in shares of NextEra Energy by 1.6% during the 1st quarter. Northern Trust Corp now owns 6,786,481 shares of the utilities provider’s stock worth $1,311,963,000 after purchasing an additional 107,426 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of NextEra Energy by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,949,645 shares of the utilities provider’s stock worth $1,013,984,000 after purchasing an additional 155,904 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of NextEra Energy by 19.1% during the 2nd quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock worth $704,149,000 after purchasing an additional 550,956 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of NextEra Energy by 41.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock worth $517,143,000 after purchasing an additional 740,059 shares during the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

NYSE:NEE traded up $3.39 during mid-day trading on Wednesday, hitting $233.36. 1,501,045 shares of the company’s stock traded hands, compared to its average volume of 1,974,490. The company has a fifty day moving average of $224.28 and a 200 day moving average of $207.06. NextEra Energy Inc has a twelve month low of $164.78 and a twelve month high of $234.27. The company has a market capitalization of $111.91 billion, a P/E ratio of 30.31, a P/E/G ratio of 3.48 and a beta of 0.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the company posted $2.08 EPS. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, research analysts expect that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 29th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Wednesday, August 28th. NextEra Energy’s dividend payout ratio is currently 64.94%.

A number of equities research analysts recently weighed in on NEE shares. Bank of America upped their price objective on NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Barclays cut NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a research note on Tuesday, August 13th. Wells Fargo & Co set a $240.00 target price on NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley set a $233.00 target price on NextEra Energy and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, ValuEngine lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $219.85.

In related news, CEO James L. Robo sold 44,537 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Charles E. Sieving sold 4,987 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $222.52, for a total value of $1,109,707.24. Following the completion of the transaction, the executive vice president now directly owns 46,467 shares in the company, valued at $10,339,836.84. The disclosure for this sale can be found here. Insiders have sold a total of 97,576 shares of company stock worth $21,514,886 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

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

Featured Story: What are high-yield dividend stocks?

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.