Ledyard National Bank Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Ledyard National Bank grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,707 shares of the utilities provider’s stock after acquiring an additional 642 shares during the period. Ledyard National Bank’s holdings in NextEra Energy were worth $4,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Legal & General Group Plc lifted its stake in shares of NextEra Energy by 0.7% during the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after purchasing an additional 143,748 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of NextEra Energy by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after buying an additional 691,341 shares during the period. Nordea Investment Management AB lifted its position in NextEra Energy by 22.3% during the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock worth $443,834,000 after acquiring an additional 1,268,900 shares in the last quarter. Raymond James & Associates boosted its holdings in NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after acquiring an additional 851,873 shares during the period. Finally, Principal Financial Group Inc. grew its position in NextEra Energy by 7.2% in the second quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after acquiring an additional 409,708 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.03 on Tuesday. The company has a market cap of $172.64 billion, a P/E ratio of 22.90, a PEG ratio of 2.92 and a beta of 0.56. The business has a 50 day moving average of $81.94 and a two-hundred day moving average of $75.76. NextEra Energy, Inc. has a 52 week low of $50.95 and a 52 week high of $86.10. 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 (NYSE:NEE) last issued 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 firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the prior year, the business earned $0.88 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.45%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent research reports. BMO Capital Markets boosted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Barclays increased their price target on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Wells Fargo & Company lifted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus price target of $85.46.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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,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.