NextEra Energy, Inc. (NYSE:NEE) Position Boosted by Community Trust & Investment Co.

Community Trust & Investment Co. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,348 shares of the utilities provider’s stock after acquiring an additional 2,002 shares during the period. Community Trust & Investment Co.’s holdings in NextEra Energy were worth $8,039,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Charter Oak Capital Management LLC raised its position in NextEra Energy by 1.0% in the 1st quarter. Charter Oak Capital Management LLC now owns 13,474 shares of the utilities provider’s stock valued at $1,039,000 after buying an additional 130 shares during the last quarter. Horan Securities Inc. raised its holdings in shares of NextEra Energy by 22.6% in the first quarter. Horan Securities Inc. now owns 710 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 131 shares during the last quarter. Nvest Financial LLC lifted its position in shares of NextEra Energy by 1.1% in the first quarter. Nvest Financial LLC now owns 11,846 shares of the utilities provider’s stock worth $913,000 after purchasing an additional 132 shares in the last quarter. White Pine Capital LLC boosted its holdings in NextEra Energy by 0.8% during the first quarter. White Pine Capital LLC now owns 16,348 shares of the utilities provider’s stock worth $1,260,000 after purchasing an additional 135 shares during the last quarter. Finally, Wimmer Associates 1 LLC lifted its position in NextEra Energy by 3.6% during the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

NextEra Energy Trading Down 0.8 %

NEE traded down $0.58 during midday trading on Tuesday, hitting $67.66. 1,604,673 shares of the company were exchanged, compared to its average volume of 8,175,732. The firm’s 50 day moving average price is $69.78 and its 200-day moving average price is $73.42. NextEra Energy, Inc. has a 1-year low of $65.36 and a 1-year high of $88.61. The firm has a market capitalization of $136.92 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.63 and a beta of 0.47. The company has a quick ratio of 0.45, a current ratio of 0.53 and a debt-to-equity ratio of 1.14.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $7.35 billion for the quarter, compared to analyst estimates of $6.68 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. During the same period in the previous year, the firm earned $0.81 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.12 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Tuesday, August 29th. NextEra Energy’s dividend payout ratio is 46.29%.

Insider Activity at NextEra Energy

In other NextEra Energy news, Director James Lawrence Camaren purchased 4,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $67.85 per share, with a total value of $271,400.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at $542,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director James Lawrence Camaren bought 4,000 shares of NextEra Energy stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $542,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kirk S. Hachigian purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the purchase, the director now owns 15,000 shares in the company, valued at approximately $1,019,250. The disclosure for this purchase can be found here. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on NEE. Royal Bank of Canada reduced their target price on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Wednesday, September 6th. StockNews.com started coverage on shares of NextEra Energy in a research report on Thursday, August 17th. They set a “hold” rating for the company. Guggenheim lowered their price target on NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Morgan Stanley reduced their price objective on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 23rd. Finally, The Goldman Sachs Group initiated coverage on NextEra Energy in a research note on Wednesday, June 7th. They set a “buy” rating and a $90.00 target price for the company. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.90.

About NextEra Energy

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, coal, and natural gas facilities. 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.