Legacy Private Trust Co. Grows Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Legacy Private Trust Co. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.9% in the 4th quarter, Holdings Channel reports. The firm owned 14,755 shares of the utilities provider’s stock after purchasing an additional 950 shares during the period. Legacy Private Trust Co.’s holdings in NextEra Energy were worth $1,058,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Client Services LLC increased its stake in shares of NextEra Energy by 5.0% in the 4th quarter. Private Client Services LLC now owns 3,369 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 161 shares during the last quarter. Fulton Bank N.A. grew its holdings in shares of NextEra Energy by 28.5% in the fourth quarter. Fulton Bank N.A. now owns 28,991 shares of the utilities provider’s stock valued at $2,078,000 after purchasing an additional 6,437 shares during the period. Park National Corp OH increased its position in NextEra Energy by 7.9% during the fourth quarter. Park National Corp OH now owns 335,194 shares of the utilities provider’s stock worth $24,030,000 after purchasing an additional 24,615 shares during the last quarter. Norway Savings Bank raised its stake in NextEra Energy by 5.3% during the fourth quarter. Norway Savings Bank now owns 23,041 shares of the utilities provider’s stock worth $1,652,000 after purchasing an additional 1,162 shares during the period. Finally, Bath Savings Trust Co boosted its holdings in NextEra Energy by 1.0% in the 4th quarter. Bath Savings Trust Co now owns 270,660 shares of the utilities provider’s stock valued at $19,404,000 after purchasing an additional 2,549 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Guggenheim lifted 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 stock a “sector outperform” rating in a report on Thursday, December 12th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $87.15.

NextEra Energy Stock Up 0.3 %

Shares of NYSE NEE opened at $70.65 on Thursday. The stock has a market cap of $145.29 billion, a P/E ratio of 20.90, a PEG ratio of 2.66 and a beta of 0.58. The business’s fifty day simple moving average is $74.60 and its 200-day simple moving average is $77.36. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the company earned $0.94 EPS. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.92%. NextEra Energy’s payout ratio 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.