First National Trust Co Lowers Stake in NextEra Energy, Inc. $NEE

First National Trust Co lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,574 shares of the utilities provider’s stock after selling 17,905 shares during the period. First National Trust Co’s holdings in NextEra Energy were worth $15,896,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NEE. Norges Bank bought a new position in shares of NextEra Energy during the second quarter valued at $2,375,545,000. Vanguard Group Inc. increased its stake in NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in NextEra Energy by 1,765.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after buying an additional 3,755,563 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of NextEra Energy by 18.7% in the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after buying an additional 1,701,648 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of NextEra Energy by 181.9% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock valued at $151,718,000 after buying an additional 1,410,200 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. This represents a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 204,586 shares of company stock worth $17,474,707. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $89.49 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The stock has a 50-day simple moving average of $82.97 and a two-hundred day simple moving average of $79.67. The firm has a market capitalization of $186.37 billion, a PE ratio of 27.20, a P/E/G ratio of 2.77 and a beta of 0.75. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $90.99.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. HSBC boosted their price target on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. Mizuho set a $90.00 target price on shares of NextEra Energy and gave the company a “neutral” rating in a research note on Wednesday, January 28th. BTIG Research reiterated a “buy” rating and issued a $103.00 price target on shares of NextEra Energy in a research note on Wednesday, January 28th. Citigroup restated a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $104.00 target price on shares of NextEra Energy in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

NextEra Energy Profile

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.