First National Bank & Trust Co. of Newtown Buys 268 Shares of NextEra Energy, Inc. (NYSE:NEE)

by · The Markets Daily

First National Bank & Trust Co. of Newtown lifted its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,377 shares of the utilities provider’s stock after acquiring an additional 268 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in NextEra Energy were worth $2,737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. M&G Plc bought a new position in shares of NextEra Energy during the 1st quarter valued at $303,065,000. International Assets Investment Management LLC lifted its holdings in NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after acquiring an additional 3,817,037 shares during the period. Zimmer Partners LP lifted its holdings in NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after acquiring an additional 2,703,200 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of NextEra Energy by 4,058.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after purchasing an additional 2,309,876 shares during the period. Finally, Raymond James & Associates increased its position in shares of NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.1 %

Shares of NEE stock opened at $74.58 on Friday. The company’s fifty day simple moving average is $82.22 and its two-hundred day simple moving average is $77.05. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The stock has a market cap of $153.37 billion, a P/E ratio of 22.07, a PEG ratio of 2.83 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business 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 $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.76%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NEE. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.54.

Read Our Latest Stock Analysis on NextEra Energy

About NextEra Energy

(Free Report)

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.

Read More

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).