Diversified Trust Co Increases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Diversified Trust Co grew its position in NextEra Energy, Inc. (NYSE:NEE) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,802 shares of the utilities provider’s stock after purchasing an additional 3,417 shares during the period. Diversified Trust Co’s holdings in NextEra Energy were worth $2,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Proffitt & Goodson Inc. grew its holdings in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the period. American Capital Advisory LLC increased its stake in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares during the period. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter worth $33,000. Finally, Neo Ivy Capital Management bought a new stake in NextEra Energy in the fourth quarter worth about $40,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Barclays increased their price target on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $83.07.

NextEra Energy Trading Down 4.2 %

Shares of NEE opened at $80.29 on Tuesday. The stock’s 50-day moving average price is $80.74 and its 200 day moving average price is $74.24. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12-month low of $48.38 and a 12-month high of $86.10. The firm has a market capitalization of $164.96 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 3.08 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the firm earned $0.88 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.57%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.