Glenview Trust co Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Glenview Trust co grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,452 shares of the utilities provider’s stock after buying an additional 6,082 shares during the period. Glenview Trust co’s holdings in NextEra Energy were worth $16,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC increased its holdings in shares of NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. GSA Capital Partners LLP bought a new stake in NextEra Energy in the 3rd quarter worth approximately $406,000. KBC Group NV increased its stake in NextEra Energy by 8.8% in the 3rd quarter. KBC Group NV now owns 160,802 shares of the utilities provider’s stock worth $13,593,000 after acquiring an additional 13,045 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $1,624,000. Finally, CIBC Asset Management Inc grew its holdings in shares of NextEra Energy by 0.7% in the third quarter. CIBC Asset Management Inc now owns 420,602 shares of the utilities provider’s stock valued at $35,553,000 after purchasing an additional 2,995 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

Shares of NEE opened at $73.59 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a 50 day moving average price of $70.51 and a 200-day moving average price of $75.85. NextEra Energy, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $86.10. The stock has a market capitalization of $151.37 billion, a PE ratio of 21.84, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its 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%. Equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NEE. Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $85.92.

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.