Trust Co. of Toledo NA OH lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,050 shares of the utilities provider’s stock after selling 4,224 shares during the period. NextEra Energy comprises approximately 1.2% of Trust Co. of Toledo NA OH’s holdings, making the stock its 20th biggest holding. Trust Co. of Toledo NA OH’s holdings in NextEra Energy were worth $6,430,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Wealth Alliance raised its stake in shares of NextEra Energy by 3.5% in the 3rd quarter. Wealth Alliance now owns 4,026 shares of the utilities provider’s stock valued at $1,117,000 after acquiring an additional 135 shares during the period. Worldquant Millennium Advisors LLC grew its holdings in NextEra Energy by 9.1% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,770 shares of the utilities provider’s stock worth $491,000 after acquiring an additional 147 shares in the last quarter. Arlington Partners LLC boosted its holdings in shares of NextEra Energy by 97.0% in the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock valued at $25,000 after buying an additional 162 shares during the period. Eudaimonia Partners LLC boosted its holdings in shares of NextEra Energy by 1.6% in the 3rd quarter. Eudaimonia Partners LLC now owns 10,890 shares of the utilities provider’s stock valued at $3,023,000 after buying an additional 170 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in shares of NextEra Energy by 3.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 4,505 shares of the utilities provider’s stock valued at $1,250,000 after buying an additional 171 shares during the period. 19.20% of the stock is currently owned by institutional investors and hedge funds.
NEE traded up $0.48 on Thursday, reaching $77.89. 134,878 shares of the company traded hands, compared to its average volume of 9,325,720. The stock’s 50 day moving average price is $74.55 and its 200-day moving average price is $77.20. NextEra Energy, Inc. has a 52-week low of $55.65 and a 52-week high of $87.69. The company has a market cap of $152.78 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 4.07 and a beta of 0.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Monday, January 25th. The utilities provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same period in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 2.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s dividend payout ratio (DPR) is presently 73.68%.
In other NextEra Energy news, CEO Eric E. Silagy sold 8,172 shares of NextEra Energy stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $77.04, for a total value of $629,570.88. Following the completion of the sale, the chief executive officer now directly owns 168,376 shares in the company, valued at $12,971,687.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric E. Silagy sold 4,764 shares of NextEra Energy stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $76.13, for a total transaction of $362,683.32. Following the completion of the sale, the chief executive officer now owns 176,548 shares of the company’s stock, valued at $13,440,599.24. The disclosure for this sale can be found here. Insiders sold 165,531 shares of company stock valued at $12,575,235 over the last quarter. Corporate insiders own 0.40% of the company’s stock.
Several research firms have recently commented on NEE. Credit Suisse Group raised shares of NextEra Energy from a “neutral” rating to an “outperform” rating and decreased their price target for the company from $87.00 to $85.00 in a report on Monday, March 15th. Mizuho boosted their target price on shares of NextEra Energy from $64.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 11th. Morgan Stanley dropped their target price on shares of NextEra Energy from $77.00 to $66.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 16th. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 27th. Finally, Sanford C. Bernstein initiated coverage on shares of NextEra Energy in a report on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $78.18.
NextEra Energy Profile
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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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