Indiana Trust & Investment Management Co Buys 3,453 Shares of NextEra Energy, Inc. (NYSE:NEE)

Indiana Trust & Investment Management Co lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 31.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,560 shares of the utilities provider’s stock after buying an additional 3,453 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in NextEra Energy were worth $1,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Exchange Traded Concepts LLC boosted its holdings in NextEra Energy by 514.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after acquiring an additional 3,914 shares during the period. Procyon Advisors LLC grew its position in NextEra Energy by 2.4% during the 3rd quarter. Procyon Advisors LLC now owns 12,975 shares of the utilities provider’s stock worth $1,097,000 after purchasing an additional 306 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in NextEra Energy in the 3rd quarter worth approximately $45,000. Wesbanco Bank Inc. raised its stake in shares of NextEra Energy by 13.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 292,202 shares of the utilities provider’s stock valued at $24,700,000 after buying an additional 34,464 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of NextEra Energy by 2.4% in the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after purchasing an additional 19,698 shares during the period. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NEE. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

Shares of NEE stock opened at $70.36 on Wednesday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The business has a fifty day simple moving average of $71.52 and a 200 day simple moving average of $77.00. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $144.69 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

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.