Crews Bank & Trust Sells 6,940 Shares of NextEra Energy, Inc. $NEE

Crews Bank & Trust reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 30.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,503 shares of the utilities provider’s stock after selling 6,940 shares during the period. Crews Bank & Trust’s holdings in NextEra Energy were worth $1,245,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in NextEra Energy by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock worth $16,139,726,000 after buying an additional 922,500 shares during the period. Legal & General Group Plc increased its position in NextEra Energy by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider’s stock worth $1,267,265,000 after buying an additional 373,088 shares during the period. Amundi increased its position in NextEra Energy by 16.7% in the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after buying an additional 1,780,881 shares during the period. CIBC Private Wealth Group LLC increased its position in NextEra Energy by 1.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,585,666 shares of the utilities provider’s stock worth $572,642,000 after buying an additional 141,081 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in NextEra Energy by 1.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,953,009 shares of the utilities provider’s stock worth $373,903,000 after buying an additional 89,586 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the sale, the treasurer owned 26,719 shares in the company, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 190,816 shares of company stock valued at $17,075,619. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Mizuho set a $90.00 price objective on NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. UBS Group lifted their price objective on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, HSBC lifted their price objective on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $94.72.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $92.66 on Tuesday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The firm has a market capitalization of $193.07 billion, a PE ratio of 28.17 and a beta of 0.74. The business’s 50 day moving average is $91.50 and its 200-day moving average is $85.29. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping 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 quarter last year, the firm earned $0.53 EPS. NextEra Energy’s revenue for the quarter was up 20.7% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

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

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.