Advantage Trust Co Sells 3,000 Shares of NextEra Energy, Inc. (NYSE:NEE)

Advantage Trust Co lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 81.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 685 shares of the utilities provider’s stock after selling 3,000 shares during the quarter. Advantage Trust Co’s holdings in NextEra Energy were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Empowered Funds LLC raised its stake in NextEra Energy by 21.5% during the 1st quarter. Empowered Funds LLC now owns 60,563 shares of the utilities provider’s stock worth $3,871,000 after buying an additional 10,732 shares during the period. Atomi Financial Group Inc. increased its position in shares of NextEra Energy by 89.2% during the first quarter. Atomi Financial Group Inc. now owns 19,777 shares of the utilities provider’s stock worth $1,264,000 after acquiring an additional 9,324 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of NextEra Energy by 3.9% during the first quarter. Concurrent Investment Advisors LLC now owns 64,380 shares of the utilities provider’s stock worth $4,115,000 after acquiring an additional 2,432 shares in the last quarter. Choate Investment Advisors raised its holdings in shares of NextEra Energy by 7.8% during the first quarter. Choate Investment Advisors now owns 54,030 shares of the utilities provider’s stock worth $3,453,000 after acquiring an additional 3,892 shares during the period. Finally, NorthRock Partners LLC lifted its position in NextEra Energy by 13.2% in the 1st quarter. NorthRock Partners LLC now owns 18,566 shares of the utilities provider’s stock valued at $1,187,000 after acquiring an additional 2,168 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE traded up $2.35 on Friday, reaching $76.97. The stock had a trading volume of 14,657,144 shares, compared to its average volume of 10,931,047. The firm has a fifty day moving average of $82.05 and a two-hundred day moving average of $77.19. The company has a market cap of $158.28 billion, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.57. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

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

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. NextEra Energy’s dividend payout ratio is 60.95%.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Bank of America lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada cut 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.54.

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.