NextEra Energy Inc (NYSE:NEE) Stock Position Raised by Argent Trust Co

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Argent Trust Co lifted its position in NextEra Energy Inc (NYSE:NEE) by 1.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,827 shares of the utilities provider’s stock after acquiring an additional 333 shares during the quarter. Argent Trust Co’s holdings in NextEra Energy were worth $8,381,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Meitav Dash Investments Ltd. lifted its position in shares of NextEra Energy by 4,543.6% in the 1st quarter. Meitav Dash Investments Ltd. now owns 71,186 shares of the utilities provider’s stock valued at $17,129,000 after acquiring an additional 69,653 shares in the last quarter. National Asset Management Inc. increased its stake in NextEra Energy by 12.6% in the 1st quarter. National Asset Management Inc. now owns 26,952 shares of the utilities provider’s stock valued at $6,487,000 after buying an additional 3,009 shares during the period. Toroso Investments LLC increased its stake in NextEra Energy by 14.8% in the 1st quarter. Toroso Investments LLC now owns 1,163 shares of the utilities provider’s stock valued at $280,000 after buying an additional 150 shares during the period. Royal Fund Management LLC acquired a new position in NextEra Energy in the 1st quarter valued at approximately $106,000. Finally, HCR Wealth Advisors increased its stake in NextEra Energy by 0.3% in the 1st quarter. HCR Wealth Advisors now owns 16,612 shares of the utilities provider’s stock valued at $3,997,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 77.30% of the company’s stock.

In other NextEra Energy news, CEO James L. Robo sold 70,968 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $227.05, for a total value of $16,113,284.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph T. Kelliher sold 14,330 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $248.15, for a total transaction of $3,555,989.50. Following the completion of the sale, the executive vice president now directly owns 38,213 shares of the company’s stock, valued at $9,482,555.95. The disclosure for this sale can be found here. Insiders sold a total of 90,639 shares of company stock worth $20,863,319 over the last quarter. 0.40% of the stock is currently owned by company insiders.

NEE has been the topic of several research reports. Credit Suisse Group dropped their price objective on shares of NextEra Energy from $256.00 to $252.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. BMO Capital Markets initiated coverage on shares of NextEra Energy in a research note on Wednesday, February 19th. They issued an “outperform” rating and a $290.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of NextEra Energy from $246.00 to $237.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. UBS Group dropped their price target on shares of NextEra Energy from $310.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, Vertical Research began coverage on shares of NextEra Energy in a research note on Monday, February 24th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $251.07.

NYSE:NEE traded up $3.42 during midday trading on Friday, reaching $232.32. The stock had a trading volume of 101,662 shares, compared to its average volume of 2,508,130. NextEra Energy Inc has a 1-year low of $174.80 and a 1-year high of $283.35. The firm’s fifty day simple moving average is $233.89 and its 200-day simple moving average is $242.10. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.71 and a quick ratio of 0.61. The stock has a market capitalization of $113.94 billion, a P/E ratio of 31.55, a PEG ratio of 3.33 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 22nd. The utilities provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.12. NextEra Energy had a net margin of 17.77% and a return on equity of 10.38%. The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same period last year, the business posted $2.20 EPS. NextEra Energy’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy Inc will post 9.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, June 2nd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.41%. NextEra Energy’s payout ratio is presently 66.91%.

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.

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

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