American Trust Has $3.60 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

American Trust reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 56,306 shares of the utilities provider’s stock after selling 1,183 shares during the period. American Trust’s holdings in NextEra Energy were worth $3,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Clear Investment Research LLC grew its stake in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the fourth quarter worth $29,000. American Capital Advisory LLC grew its stake in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the period. Stuart Chaussee & Associates Inc. grew its stake in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the period. Finally, Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy during the fourth quarter worth $34,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday. Scotiabank lifted their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Wells Fargo & Company reiterated an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a report on Wednesday, June 12th. BMO Capital Markets lifted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Morgan Stanley lifted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

NextEra Energy Stock Up 1.0 %

Shares of NYSE:NEE traded up $0.81 during midday trading on Friday, reaching $79.20. The company had a trading volume of 14,513,109 shares, compared to its average volume of 10,270,118. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average price is $73.93 and its 200 day moving average price is $66.62. The stock has a market cap of $162.78 billion, a PE ratio of 21.58, a P/E/G ratio of 2.84 and a beta of 0.54. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for 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 quarter in the previous year, the business earned $0.88 earnings per share. Research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

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.