First Western Trust Bank Reduces Stock Position in NextEra Energy, Inc. (NYSE:NEE)

First Western Trust Bank reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 39,606 shares of the utilities provider's stock after selling 7,137 shares during the period. First Western Trust Bank's holdings in NextEra Energy were worth $2,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its stake in NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. Resurgent Financial Advisors LLC grew its position in NextEra Energy by 1.3% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 15,759 shares of the utilities provider's stock worth $1,332,000 after acquiring an additional 200 shares during the last quarter. Rench Wealth Management Inc. increased its stake in NextEra Energy by 5.3% in the 3rd quarter. Rench Wealth Management Inc. now owns 68,656 shares of the utilities provider's stock worth $5,804,000 after purchasing an additional 3,434 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of NextEra Energy by 11.7% during the third quarter. Royal London Asset Management Ltd. now owns 798,757 shares of the utilities provider's stock valued at $67,519,000 after purchasing an additional 83,526 shares during the period. Finally, Quarry LP bought a new position in shares of NextEra Energy in the third quarter worth approximately $33,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Down 1.0 %

NEE traded down $0.61 during midday trading on Wednesday, reaching $63.50. The company's stock had a trading volume of 6,929,023 shares, compared to its average volume of 10,735,113. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The stock's 50-day moving average is $70.21 and its 200-day moving average is $74.26. The firm has a market capitalization of $130.72 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NEE. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank lifted their price objective 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, Guggenheim reissued a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $85.92.

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.