Bath Savings Trust Co Buys 2,549 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bath Savings Trust Co increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 270,660 shares of the utilities provider’s stock after acquiring an additional 2,549 shares during the quarter. NextEra Energy comprises about 2.0% of Bath Savings Trust Co’s portfolio, making the stock its 15th largest holding. Bath Savings Trust Co’s holdings in NextEra Energy were worth $19,404,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NEE. Semmax Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Burkett Financial Services LLC raised its stake in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the third quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in shares of NextEra Energy in the 2nd quarter worth $33,000. Finally, Quarry LP bought a new stake in shares of NextEra Energy in the 3rd quarter worth about $33,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.7 %

Shares of NYSE:NEE traded down $0.51 during trading on Tuesday, reaching $70.73. 3,619,849 shares of the company were exchanged, compared to its average volume of 5,240,601. The business’s fifty day simple moving average is $74.96 and its 200-day simple moving average is $77.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a market capitalization of $145.45 billion, a PE ratio of 20.93, a P/E/G ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $87.15.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.