First National Bank of Mount Dora Trust Investment Services Purchases 39,735 Shares of NextEra Energy, Inc. (NYSE:NEE)

First National Bank of Mount Dora Trust Investment Services grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 129.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,520 shares of the utilities provider's stock after acquiring an additional 39,735 shares during the period. First National Bank of Mount Dora Trust Investment Services' holdings in NextEra Energy were worth $4,999,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Accurate Wealth Management LLC lifted its position in NextEra Energy by 3.5% during the 1st quarter. Accurate Wealth Management LLC now owns 9,418 shares of the utilities provider's stock worth $621,000 after acquiring an additional 316 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of NextEra Energy in the first quarter worth about $355,000. GAMMA Investing LLC lifted its position in shares of NextEra Energy by 20.7% during the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after purchasing an additional 5,949 shares during the last quarter. Signet Financial Management LLC grew its holdings in NextEra Energy by 10.3% in the 1st quarter. Signet Financial Management LLC now owns 16,987 shares of the utilities provider's stock valued at $1,204,000 after buying an additional 1,581 shares during the last quarter. Finally, Cardinal Capital Management Inc. lifted its holdings in shares of NextEra Energy by 3.6% during the first quarter. Cardinal Capital Management Inc. now owns 445,802 shares of the utilities provider's stock worth $31,603,000 after buying an additional 15,386 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.13 during trading on Wednesday, reaching $72.94. 11,999,124 shares of the company's stock traded hands, compared to its average volume of 11,063,529. The firm's 50-day moving average is $68.49 and its 200 day moving average is $70.54. The company has a market capitalization of $150.16 billion, a P/E ratio of 21.64, a PEG ratio of 2.45 and a beta of 0.68. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction 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 approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on NEE shares. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Barclays lowered their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.50.

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.