First Financial Corp IN Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

First Financial Corp IN grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,549 shares of the utilities provider’s stock after purchasing an additional 1,012 shares during the period. First Financial Corp IN’s holdings in NextEra Energy were worth $1,115,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC raised its position in NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after acquiring an additional 820,704 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of NextEra Energy by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after purchasing an additional 143,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after purchasing an additional 86,758 shares in the last quarter. Nordea Investment Management AB boosted its holdings in NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after buying an additional 452,590 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NEE. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.15.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $66.85 on Tuesday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm has a 50 day simple moving average of $74.00 and a 200-day simple moving average of $77.28. The firm has a market cap of $137.47 billion, a PE ratio of 19.78, a P/E/G ratio of 2.66 and a beta of 0.58. 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 (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the firm posted $0.94 EPS. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

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,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.