Heritage Trust Co Buys 2,942 Shares of NextEra Energy, Inc. (NYSE:NEE)

Heritage Trust Co increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,901 shares of the utilities provider’s stock after purchasing an additional 2,942 shares during the quarter. Heritage Trust Co’s holdings in NextEra Energy were worth $1,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. United Bank lifted its position in NextEra Energy by 9.8% during the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 891 shares during the period. LSV Asset Management lifted its holdings in NextEra Energy by 9.2% in the first quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after buying an additional 2,700 shares during the period. Brown Brothers Harriman & Co. boosted its stake in NextEra Energy by 11.2% in the first quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after acquiring an additional 1,587 shares during the last quarter. Covestor Ltd grew its holdings in NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 326 shares during the period. Finally, Ergoteles LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $793,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEE. Morgan Stanley cut their target price on shares of NextEra Energy from $79.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday. Evercore ISI lowered their target price on NextEra Energy from $80.00 to $66.00 and set an “in-line” rating for the company in a research note on Friday, October 20th. Wells Fargo & Company cut their price target on shares of NextEra Energy from $105.00 to $84.00 in a research note on Monday, October 2nd. Guggenheim lowered their price objective on shares of NextEra Energy from $73.00 to $65.00 in a research report on Monday, October 9th. Finally, Scotiabank cut their price objective on shares of NextEra Energy from $105.00 to $96.00 in a research report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.08.

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NextEra Energy Stock Down 0.6 %

Shares of NYSE NEE traded down $0.34 during mid-day trading on Friday, hitting $57.13. The company had a trading volume of 2,312,008 shares, compared to its average volume of 10,001,060. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $88.61. The company has a market capitalization of $117.21 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.54. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05. The firm has a 50-day simple moving average of $57.31 and a two-hundred day simple moving average of $66.93.

NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. NextEra Energy had a return on equity of 12.15% and a net margin of 27.82%. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts expect that NextEra Energy, Inc. will post 3.12 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a yield of 3.27%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 49.47%.

Insider Buying and Selling at NextEra Energy

In other news, major shareholder Nextera Energy Inc acquired 3,097,524 shares of the stock in a transaction dated Friday, October 6th. The shares were bought at an average cost of $24.21 per share, for a total transaction of $74,991,056.04. Following the purchase, the insider now directly owns 4,097,524 shares of the company’s stock, valued at $99,201,056.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.38% of the company’s stock.

About NextEra Energy

(Free Report)

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.