Grove Bank & Trust Has $1.29 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Grove Bank & Trust raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,983 shares of the utilities provider’s stock after purchasing an additional 417 shares during the period. Grove Bank & Trust’s holdings in NextEra Energy were worth $1,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter valued at approximately $27,000. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Burkett Financial Services LLC lifted its position in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. Quarry LP bought a new stake in NextEra Energy during the third quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the 3rd quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Down 0.8 %

Shares of NYSE NEE opened at $70.83 on Friday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The business has a fifty day moving average price of $73.50 and a 200 day moving average price of $77.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a market capitalization of $145.66 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. BMO Capital Markets lifted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.15.

About NextEra Energy

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.