20,000 NextEra Energy, Inc. $NEE Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,000 shares of the utilities provider’s stock after acquiring an additional 20,000 shares during the quarter. NextEra Energy accounts for approximately 1.8% of Inspire Trust Co. N.A.’s holdings, making the stock its 10th largest position. Inspire Trust Co. N.A.’s holdings in NextEra Energy were worth $14,921,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in NextEra Energy by 12.8% during the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 111 shares during the last quarter. Legacy Wealth Managment LLC ID lifted its position in shares of NextEra Energy by 23.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock worth $55,000 after buying an additional 112 shares during the last quarter. Fingerlakes Wealth Management Inc. lifted its position in shares of NextEra Energy by 0.7% in the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 16,669 shares of the utilities provider’s stock worth $1,463,000 after buying an additional 116 shares during the last quarter. Zhang Financial LLC lifted its position in shares of NextEra Energy by 1.0% in the 2nd quarter. Zhang Financial LLC now owns 12,432 shares of the utilities provider’s stock worth $1,091,000 after buying an additional 117 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. boosted its holdings in shares of NextEra Energy by 0.7% in the 2nd quarter. SBI Okasan Asset Management Co.Ltd. now owns 17,715 shares of the utilities provider’s stock valued at $1,571,000 after buying an additional 118 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.7%

NextEra Energy stock opened at $86.27 on Wednesday. NextEra Energy, Inc. has a 52 week low of $74.41 and a 52 week high of $98.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. The firm has a market capitalization of $180.93 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 2.68 and a beta of 0.60. The company has a 50 day moving average price of $80.68 and a 200 day moving average price of $87.29.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. Research analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s payout ratio is currently 44.86%.

Analyst Ratings Changes

NEE has been the topic of several research reports. Jefferies Financial Group reiterated a “hold” rating on shares of NextEra Energy in a research note on Thursday, October 8th. BTIG Research set a $106.00 target price on NextEra Energy in a research note on Thursday, October 22nd. Barclays lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating for the company in a report on Friday, October 23rd. BMO Capital Markets set a $88.00 price target on NextEra Energy and gave the stock an “outperform” rating in a research report on Tuesday, October 20th. Finally, Wall Street Zen raised NextEra Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.80.

NextEra Energy Profile

NextEra Energy, Inc. is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida. NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.