Adelphi Trust Co Invests $537,000 in NextEra Energy, Inc. $NEE

Adelphi Trust Co purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,689 shares of the utilities provider’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Tripletail Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter worth approximately $25,000. Strive Asset Management LLC bought a new position in shares of NextEra Energy in the third quarter valued at approximately $29,000. Lodestone Wealth Management LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Abound Wealth Management boosted its stake in NextEra Energy by 108.2% during the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. Finally, Highline Wealth Partners LLC boosted its stake in NextEra Energy by 66.2% during the 3rd quarter. Highline Wealth Partners LLC now owns 487 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 194 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE opened at $91.25 on Thursday. The firm has a market cap of $190.28 billion, a PE ratio of 27.74, a P/E/G ratio of 2.68 and a beta of 0.74. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $92.20 and a 200-day simple moving average of $86.17. NextEra Energy, Inc. has a fifty-two week low of $63.64 and a fifty-two week high of $96.21.

NextEra Energy (NYSE:NEEGet Free Report) last released 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. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

Insiders Place Their Bets

In other news, Treasurer James Michael May sold 7,161 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was 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 of the company’s stock, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John W. Ketchum sold 99,603 shares of the firm’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 completion of the sale, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. This trade represents a 24.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 190,816 shares of company stock valued at $17,075,619 over the last quarter. 0.18% of the stock is owned by insiders.

Trending Headlines about NextEra Energy

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on NEE. Argus set a $92.00 price target on NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. Jefferies Financial Group increased their price target on NextEra Energy from $87.00 to $92.00 and gave the company a “hold” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group increased their price target on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings lowered NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company raised their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.22.

View Our Latest Analysis on NEE

NextEra Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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