Diversified Trust Co grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,440 shares of the utilities provider's stock after acquiring an additional 4,986 shares during the period. Diversified Trust Co's holdings in NextEra Energy were worth $2,654,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of NEE. LaFleur & Godfrey LLC raised its stake in shares of NextEra Energy by 9.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock valued at $323,000 after acquiring an additional 400 shares during the last quarter. Brighton Jones LLC raised its stake in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of NextEra Energy by 21.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,428 shares of the utilities provider's stock valued at $2,181,000 after acquiring an additional 5,369 shares during the last quarter. Finally, NewEdge Wealth LLC raised its stake in shares of NextEra Energy by 0.6% in the fourth quarter. NewEdge Wealth LLC now owns 116,408 shares of the utilities provider's stock valued at $8,345,000 after acquiring an additional 734 shares during the last quarter. Institutional investors own 78.72% of the company's stock.
Insider Buying and Selling at NextEra Energy
In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.20% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on NEE. Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Guggenheim restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Barclays dropped their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.55.
Read Our Latest Report on NEE
NextEra Energy Trading Down 0.0%
Shares of NextEra Energy stock traded down $0.04 on Friday, hitting $70.96. 14,274,070 shares of the company's stock traded hands, compared to its average volume of 10,931,900. The firm's 50-day moving average price is $69.99 and its two-hundred day moving average price is $70.14. The stock has a market capitalization of $146.07 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45.
NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.
NextEra Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.
NextEra Energy Company 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.
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