Equitable Trust Co. Cuts Stock Position in NextEra Energy Inc (NYSE:NEE)

Equitable Trust Co. cut its holdings in NextEra Energy Inc (NYSE:NEE) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,374 shares of the utilities provider’s stock after selling 281 shares during the quarter. Equitable Trust Co.’s holdings in NextEra Energy were worth $1,059,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Savant Capital LLC lifted its position in shares of NextEra Energy by 0.5% during the fourth quarter. Savant Capital LLC now owns 8,211 shares of the utilities provider’s stock worth $1,988,000 after purchasing an additional 39 shares during the last quarter. Western Wealth Management LLC increased its stake in shares of NextEra Energy by 1.1% during the fourth quarter. Western Wealth Management LLC now owns 3,690 shares of the utilities provider’s stock valued at $894,000 after buying an additional 39 shares during the period. Cohen Lawrence B increased its stake in shares of NextEra Energy by 1.6% during the fourth quarter. Cohen Lawrence B now owns 2,498 shares of the utilities provider’s stock valued at $605,000 after buying an additional 40 shares during the period. Grove Bank & Trust increased its stake in shares of NextEra Energy by 0.7% during the fourth quarter. Grove Bank & Trust now owns 5,771 shares of the utilities provider’s stock valued at $1,397,000 after buying an additional 42 shares during the period. Finally, Windsor Group LTD increased its stake in shares of NextEra Energy by 3.0% during the fourth quarter. Windsor Group LTD now owns 1,557 shares of the utilities provider’s stock valued at $377,000 after buying an additional 46 shares during the period. 78.44% of the stock is owned by hedge funds and other institutional investors.

Shares of NEE stock opened at $210.27 on Thursday. NextEra Energy Inc has a fifty-two week low of $174.80 and a fifty-two week high of $283.35. The firm has a market capitalization of $100.99 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.96 and a beta of 0.26. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.44 and a current ratio of 0.53. The stock’s 50-day simple moving average is $253.00 and its 200-day simple moving average is $240.73.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $1.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.10). NextEra Energy had a return on equity of 10.30% and a net margin of 19.62%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.79 billion. During the same period last year, the firm earned $1.49 EPS. As a group, equities analysts forecast that NextEra Energy Inc will post 9.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 28th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.66%. This is an increase from NextEra Energy’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Thursday, February 27th. NextEra Energy’s dividend payout ratio is presently 66.91%.

In other news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total transaction of $382,992.00. Following the completion of the transaction, the director now directly owns 14,897 shares of the company’s stock, valued at approximately $3,565,894.89. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James Lawrence Camaren bought 1,000 shares of NextEra Energy stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of $212.40 per share, with a total value of $212,400.00. Following the completion of the purchase, the director now owns 35,330 shares in the company, valued at $7,504,092. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 55,206 shares of company stock valued at $13,937,721. Corporate insiders own 0.48% of the company’s stock.

Several equities analysts have recently commented on NEE shares. BMO Capital Markets started coverage on NextEra Energy in a research note on Wednesday, February 19th. They set an “outperform” rating and a $290.00 price target on the stock. Mizuho raised their price target on NextEra Energy from $202.50 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Goldman Sachs Group lowered NextEra Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $236.00 to $256.00 in a research note on Wednesday, January 15th. UBS Group cut their target price on 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 assumed coverage on NextEra Energy in a research note on Monday, February 24th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $251.27.

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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