Glenview Trust co Increases Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Glenview Trust Co increased its holdings in NextEra Energy by 11.6% in Q1, bringing its total shares to 259,523, valued at approximately $18.4 million.
• NextEra Energy's stock performance has varied in the last year, with a 12-month low of $61.72 and a high of $86.10, currently trading around $70.07.
• The company announced a quarterly dividend of $0.5665, translating to an annual yield of 3.2%, with a payout ratio of 79.37%.

Glenview Trust co boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,523 shares of the utilities provider's stock after acquiring an additional 27,071 shares during the period. Glenview Trust co's holdings in NextEra Energy were worth $18,398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in 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 buying an additional 298 shares during the period. MJP Associates Inc. ADV raised its holdings in NextEra Energy by 8.5% in the fourth quarter. MJP Associates Inc. ADV now owns 4,669 shares of the utilities provider's stock worth $335,000 after purchasing an additional 364 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter worth $783,000. Finally, Meketa Capital LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $897,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company's stock, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,677 shares of company stock valued at $1,415,418 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NEE. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Barclays lifted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Mizuho set a $78.00 price target on NextEra Energy in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.00.

NextEra Energy Trading Up 0.5%

Shares of NEE traded up $0.34 during trading hours on Friday, hitting $71.66. 9,343,417 shares of the stock were exchanged, compared to its average volume of 10,011,098. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business has a 50-day moving average of $73.10 and a 200-day moving average of $71.06. The firm has a market capitalization of $147.57 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.65.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy's dividend payout ratio is currently 79.37%.

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,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.