NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Missouri Trust & Investment Co

Missouri Trust & Investment Co lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,670 shares of the utilities provider’s stock after buying an additional 870 shares during the quarter. Missouri Trust & Investment Co’s holdings in NextEra Energy were worth $1,554,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in shares of NextEra Energy by 107.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock worth $640,000 after purchasing an additional 4,344 shares during the period. Evergreen Capital Management LLC grew its stake in NextEra Energy by 15.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock worth $1,611,000 after buying an additional 2,973 shares during the last quarter. Interval Partners LP acquired a new stake in NextEra Energy in the second quarter worth $1,668,000. Sagefield Capital LP lifted its stake in NextEra Energy by 149.5% in the second quarter. Sagefield Capital LP now owns 114,104 shares of the utilities provider’s stock valued at $8,080,000 after buying an additional 68,372 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of NextEra Energy by 1,337.2% during the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after acquiring an additional 122,691 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE opened at $70.85 on Wednesday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a 50-day moving average of $73.40 and a two-hundred day moving average of $77.24. 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 cap of $145.70 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58.

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

Insider Buying and Selling at NextEra Energy

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on NEE shares. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lowered their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.15.

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.