Midwest Trust Co Purchases 50,692 Shares of NextEra Energy, Inc. $NEE

Midwest Trust Co boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 22.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,492 shares of the utilities provider’s stock after purchasing an additional 50,692 shares during the period. Midwest Trust Co’s holdings in NextEra Energy were worth $20,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. National Pension Service lifted its holdings in NextEra Energy by 1.3% in the third quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock valued at $365,783,000 after acquiring an additional 60,324 shares during the period. Synergy Asset Management LLC grew its stake in shares of NextEra Energy by 286.0% during the 3rd quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock worth $1,594,000 after purchasing an additional 16,322 shares during the period. Daymark Wealth Partners LLC increased its holdings in shares of NextEra Energy by 6.5% during the 2nd 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. Y Intercept Hong Kong Ltd lifted its stake in shares of NextEra Energy by 61.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock valued at $4,604,000 after purchasing an additional 23,288 shares during the period. Finally, Hunter Perkins Capital Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $3,966,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $89.49 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $90.99. 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. The business’s 50 day moving average price is $82.97 and its 200-day moving average price is $79.67.

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, 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 for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president directly owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents a 65.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 204,586 shares of company stock valued at $17,474,707 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on NEE shares. HSBC lifted their price objective on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. BTIG Research restated a “buy” rating and issued a $103.00 price target on shares of NextEra Energy in a research note on Wednesday, January 28th. TD Cowen started coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target on the stock. Wells Fargo & Company raised their price objective on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. Two 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.95.

NextEra Energy Company 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.