Caldwell Trust Co Acquires New Stake in NextEra Energy, Inc. $NEE

Caldwell Trust Co bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 183,839 shares of the utilities provider’s stock, valued at approximately $12,762,000. NextEra Energy makes up approximately 1.3% of Caldwell Trust Co’s portfolio, making the stock its 15th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Daymark Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% in the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after purchasing an additional 2,767 shares in the last quarter. Avity Investment Management Inc. grew its stake in shares of NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after buying an additional 8,565 shares in the last quarter. Dillon & Associates Inc. increased its holdings in shares of NextEra Energy by 8.4% in the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after buying an additional 5,261 shares during the last quarter. Soltis Investment Advisors LLC increased its holdings in shares of NextEra Energy by 171.1% in the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after buying an additional 7,645 shares during the last quarter. Finally, Integrity Alliance LLC. raised its position in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after buying an additional 7,401 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NEE. Weiss Ratings upgraded NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 8th. Barclays set a $88.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. BMO Capital Markets reissued an “outperform” rating and set a $89.00 target price (down previously from $90.00) on shares of NextEra Energy in a research report on Wednesday. Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised their price target on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.72.

NextEra Energy Stock Up 0.5%

Shares of NEE opened at $81.65 on Monday. The firm has a market capitalization of $170.05 billion, a P/E ratio of 26.00, a P/E/G ratio of 2.75 and a beta of 0.74. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The firm has a fifty day moving average price of $83.68 and a 200-day moving average price of $76.67. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given 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 2.8%. NextEra Energy’s dividend payout ratio is presently 72.29%.

Insider Transactions at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 157,322 shares of company stock valued at $13,148,943. 0.18% of the stock is currently owned by corporate insiders.

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.