NextEra Energy, Inc. $NEE Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co cut its position in NextEra Energy, Inc. (NYSE:NEE) by 10.3% in the second quarter, Holdings Channel reports. The firm owned 139,165 shares of the utilities provider’s stock after selling 16,035 shares during the period. CENTRAL TRUST Co’s holdings in NextEra Energy were worth $9,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Brighton Jones LLC raised its position in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Hughes Financial Services LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at about $40,000. Florida Financial Advisors LLC acquired a new stake in shares of NextEra Energy during the first quarter worth about $265,000. Finally, Cutter & CO Brokerage Inc. grew its holdings in shares of NextEra Energy by 9.0% during the first quarter. Cutter & CO Brokerage Inc. now owns 8,351 shares of the utilities provider’s stock worth $592,000 after buying an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,028 shares of company stock worth $1,738,973 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Citigroup reissued a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.85 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The stock has a 50 day simple moving average of $78.43 and a 200-day simple moving average of $74.18. The company has a market cap of $176.71 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is 71.97%.

NextEra Energy Company Profile

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.