First National Bank of Mount Dora Trust Investment Services Boosts Position in NextEra Energy, Inc. (NYSE:NEE)

First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,785 shares of the utilities provider’s stock after buying an additional 798 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in NextEra Energy were worth $2,207,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Relyea Zuckerberg Hanson LLC raised its position in NextEra Energy by 4.4% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 8,428 shares of the utilities provider’s stock worth $604,000 after buying an additional 353 shares during the last quarter. Saxon Interests Inc. raised its position in NextEra Energy by 24.3% during the 4th quarter. Saxon Interests Inc. now owns 4,452 shares of the utilities provider’s stock worth $319,000 after buying an additional 871 shares during the last quarter. Everpar Advisors LLC raised its position in NextEra Energy by 3.0% during the 4th quarter. Everpar Advisors LLC now owns 5,729 shares of the utilities provider’s stock worth $411,000 after buying an additional 165 shares during the last quarter. Border to Coast Pensions Partnership Ltd increased its holdings in shares of NextEra Energy by 4.1% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 1,265,802 shares of the utilities provider’s stock valued at $90,684,000 after purchasing an additional 49,725 shares in the last quarter. Finally, Woodstock Corp increased its holdings in shares of NextEra Energy by 0.5% during the 4th quarter. Woodstock Corp now owns 134,590 shares of the utilities provider’s stock valued at $9,649,000 after purchasing an additional 647 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $87.15.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 0.8 %

Shares of NEE opened at $70.83 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average is $73.62 and its two-hundred day moving average is $77.16. The stock has a market cap of $145.66 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Company 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,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.