NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Equitable Trust Co.

Key Points

• Equitable Trust Co. has increased its holdings in NextEra Energy by 33.8% during the first quarter, owning 58,974 shares valued at approximately $4.18 million.
• NextEra Energy reported $1.05 earnings per share for the last quarter, exceeding analyst estimates of $1.01, but its revenue fell short of expectations at $6.70 billion compared to a $7.52 billion forecast.
• The company declared a quarterly dividend of $0.5665, resulting in an annualized yield of 3.15%, with a payout ratio of 85.02%.

Equitable Trust Co. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,974 shares of the utilities provider's stock after acquiring an additional 14,897 shares during the quarter. Equitable Trust Co.'s holdings in NextEra Energy were worth $4,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Somerset Trust Co raised its stake in NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after acquiring an additional 4,445 shares during the period. Elyxium Wealth LLC bought a new stake in shares of NextEra Energy during the first quarter valued at approximately $783,000. Viking Fund Management LLC raised its holdings in shares of NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock valued at $35,091,000 after buying an additional 200,000 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock valued at $27,335,000 after buying an additional 8,472 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of NextEra Energy by 20.7% during the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after buying an additional 5,949 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

NYSE NEE opened at $71.99 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month 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 firm has a market capitalization of $148.21 billion, a PE ratio of 25.17, a P/E/G ratio of 2.57 and a beta of 0.67. The company's 50 day simple moving average is $72.30 and its 200 day simple moving average is $70.42.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.15%. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEE. Wells Fargo & Company cut their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Finally, Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $84.42.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred 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 transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

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.

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