CHICAGO TRUST Co NA raised its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 10.1% in the 3rd quarter, Holdings Channel reports. The firm owned 21,858 shares of the utilities provider’s stock after acquiring an additional 2,005 shares during the period. CHICAGO TRUST Co NA’s holdings in NextEra Energy were worth $1,848,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sycomore Asset Management raised its holdings in shares of NextEra Energy by 0.3% during the 2nd quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock worth $3,473,000 after buying an additional 131 shares in the last quarter. BCK Partners Inc. raised its stake in NextEra Energy by 3.8% during the second quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock worth $261,000 after acquiring an additional 135 shares in the last quarter. Renasant Bank lifted its holdings in shares of NextEra Energy by 1.0% in the first quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after acquiring an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in shares of NextEra Energy by 1.8% in the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 143 shares during the last quarter. Finally, Proffitt & Goodson Inc. boosted its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
NEE has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Barclays lifted their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. BMO Capital Markets increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Citigroup raised their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.07.
Insider Activity at NextEra Energy
In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.
NextEra Energy Trading Up 1.1 %
NEE opened at $81.86 on Friday. The company has a market cap of $168.18 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a fifty day moving average price of $81.17 and a two-hundred day moving average price of $74.82. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 1-year low of $50.95 and a 1-year high of $86.10.
NextEra Energy (NYSE:NEE – Get Free Report) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the previous year, the company posted $0.88 EPS. Analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.
NextEra Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.
NextEra Energy Company 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.
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