Global Trust Asset Management LLC Has $4.74 Million Holdings in NextEra Energy, Inc. $NEE

Global Trust Asset Management LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 32.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,024 shares of the utilities provider’s stock after acquiring an additional 14,601 shares during the period. NextEra Energy accounts for about 1.9% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Global Trust Asset Management LLC’s holdings in NextEra Energy were worth $4,738,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Goodman Advisory Group LLC bought a new stake in NextEra Energy during the second quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy in the third quarter worth about $25,000. Strive Asset Management LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $29,000. Howard Hughes Medical Institute acquired a new position in shares of NextEra Energy during the 2nd quarter worth about $31,000. Finally, Lodestone Wealth Management LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $33,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Argus set a $92.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, January 28th. UBS Group upped their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Barclays increased their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Mizuho set a $90.00 price objective on shares of NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.72.

NextEra Energy Trading Up 0.1%

Shares of NextEra Energy stock opened at $93.22 on Friday. The firm has a market capitalization of $194.23 billion, a PE ratio of 28.33 and a beta of 0.74. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The company’s fifty day moving average price is $91.35 and its two-hundred day moving average price is $84.93. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.91.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a $0.6232 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. NextEra Energy’s payout ratio is presently 75.68%.

Insider Activity at NextEra Energy

In related news, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the sale, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This trade represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the transaction, the executive vice president owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This trade represents a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 190,816 shares of company stock valued at $17,075,619 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.