First National Bank of Mount Dora Trust Investment Services Purchases 13,782 Shares of NextEra Energy, Inc. (NYSE:NEE)

First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 85.0% in the third quarter, HoldingsChannel.com reports. The fund owned 29,987 shares of the utilities provider’s stock after acquiring an additional 13,782 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in NextEra Energy were worth $2,535,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in NextEra Energy in the third quarter worth approximately $27,000. Semmax Financial Advisors Inc. grew its position in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the period. Proffitt & Goodson Inc. increased 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 acquiring an additional 144 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the third quarter worth $39,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NEE traded up $0.35 on Monday, hitting $77.70. The company’s stock had a trading volume of 3,489,774 shares, compared to its average volume of 10,761,299. The company’s 50 day simple moving average is $82.39 and its 200-day simple moving average is $76.87. 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, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The firm has a market cap of $159.78 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid 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 yield of 2.65%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Wells Fargo & Company raised 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. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Morgan Stanley increased their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Bank of America boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average target price 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.