Plimoth Trust Co. LLC Has $3.97 Million Holdings in NextEra Energy, Inc. $NEE

Plimoth Trust Co. LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,220 shares of the utilities provider’s stock after purchasing an additional 912 shares during the quarter. Plimoth Trust Co. LLC’s holdings in NextEra Energy were worth $3,972,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NEE. Brighton Jones LLC increased its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the period. Procyon Advisors LLC raised its stake in NextEra Energy by 6.3% in the 1st quarter. Procyon Advisors LLC now owns 13,409 shares of the utilities provider’s stock worth $951,000 after purchasing an additional 792 shares in the last quarter. Congress Asset Management Co. boosted its holdings in NextEra Energy by 1.7% in the 1st quarter. Congress Asset Management Co. now owns 206,481 shares of the utilities provider’s stock valued at $14,637,000 after purchasing an additional 3,527 shares during the period. Finally, Eagle Wealth Strategies LLC boosted its holdings in NextEra Energy by 1.6% in the 1st quarter. Eagle Wealth Strategies LLC now owns 11,005 shares of the utilities provider’s stock valued at $780,000 after purchasing an additional 174 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock worth $1,539,610 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEE. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Morgan Stanley reissued an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Finally, Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

NextEra Energy Price Performance

NextEra Energy stock opened at $80.12 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.00. The stock has a market capitalization of $164.98 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. The stock has a fifty day moving average of $72.99 and a 200-day moving average of $71.28.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is currently 79.02%.

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.